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HomeMy WebLinkAbout06-ATTACHMENT E (ORDINANCE NO. 1501)ATTACHMENT E Ordinance No. 1501 ORDINANCE NO. 1501 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF TUSTIN, APPROVING DEVELOPMENT AGREEMENT 2018- 00001 BETWEEN THE CITY OF TUSTIN AND SCHOOLSFIRST FEDERAL CREDIT UNION TO FACILITATE THE DEVELOPMENT OF AN OFFICE CAMPUS FACILITY WITH A 180,000 SQUARE FOOT OFFICE BUILDING, A 5,000 SQUARE FOOT RETAIL BANK BRANCH BUILDING, FOUR (4) LEVEL PARKING STRUCTURE AND ASSOCIATED SITE IMPROVEMENTS WITHIN PLANNING AREAS 7, 9, 11 AND 14 OF THE PACIFIC CENTER EAST SPECIFIC PLAN. The City Council of the City of Tustin does hereby ordain as follows: SECTION 1. The City Council finds and determines as follows: A. That a proper application has been submitted by SchoolsFirst Federal Credit Union for the development of an office campus facility including a 180,000 square foot office building, a 5,000 square foot retail bank branch building, four (4) level parking structure and associated site improvements on an approximate 19 -acre site within Planning Areas 7, 9, 11 and 14 of the Pacific Center East Specific Plan (PCESP). B. That Development Agreement (DA) 2018-00001 serves to strengthen the public planning process and provide for the orderly implementation of the General Plan, PCESP, the phased development and completion in accordance with the associated Disposition and Development Agreement (DDA), and certain assurances to the Developer and the City. In compliance with TCC Section 9611, the Tustin Planning Commission must make a recommendation on the proposed DA to the City Council. C. That a public hearing was duly called, noticed, and held on said application on March 26, 2019, by the Planning Commission. That the Planning Commission tabled the application to allow for sufficient time to finalize the DDA and reimbursement agreement. D. That a public hearing was duly called, noticed, and held on said application on June 11, 2019, by the Planning Commission. The Planning Commission adopted Resolution No. 4379 determining that the disposition of Parcel 6 of Parcel Map No. 2010-127 and portion of abandoned Del Amo Avenue is in conformance with the adopted General Plan. The Planning Commission adopted Resolution No. 4380 recommending that the City Council adopt Ordinance No. 1501 and approve the project. E. That a public hearing was duly called, noticed, and held on said application on July 2, 2019, by the City Council Ordinance No. 1501 DA -2018-00001 Page 2 F. On December 18, 1990, the City Council certified Final Environmental Impact Report (FEIR) 90-1 for the PCESP. On May 5, 2003, the City Council approved Supplement #1 to FEIR 90-1 for the Pacific Center East Specific Plan. The FEIR, along with its supplement, is a Program EIR under the California Environmental Quality Act (CEQA). The FEIR considered the potential environmental impacts associated with the development of the PCESP. An Environmental Checklist has been prepared and concluded that these actions do not result in any new significant environmental impacts or a substantial increase in the severity of any previously identified significant impacts in the FEIR. Moreover, no new information of substantial importance has surfaced since certification of the FEIR. G. That the DA can be supported by the following findings: 1. That the Planning Commission determined that that the location, purpose, and extent of the disposition of Parcel 6 of Parcel Map No. 2010-127 (APN 430-251-28) and portion of abandoned Del Amo Avenue for the development an office campus including 180,000 square feet of office, 5,000 square feet of a retail bank branch, four (4) level parking structure and associated site improvements is in conformance with the approved General Plan. 2. The project is consistent with the objectives, policies, general land uses and programs specified in the General Plan and the PCESP in that office and retail bank uses are permitted uses within Planning Areas 7, 9, 11 and 14. 3. The project is compatible with the uses authorized in the district in which the real property is located (Planning Areas 7, 9, 11 and 14) in that similar and compatible uses exist and are envisioned within the close proximity of the project site. 4. The project is in conformity with the public necessity, public convenience, general welfare and good land use practices in that the agreement incorporates public benefits in the form of reimbursable public improvement. 5. The project will not be detrimental to the health, safety, and general welfare. The project will comply with the PCESP, TCC, and other regulations to ensure that the project will not be detrimental in any way. 6. The project will not adversely affect the orderly development of the property in that the proposed project complies with the PCESP and would complete the applicant's office headquarters campus facility. Ordinance No. 1501 DA -2018-00001 Page 3 7. That the office headquarters campus will be limited to a maximum 451,715 square feet of building floor area, consistent with the floor -area ratios identified within the PCESP. That the proposed parking structure does not contain building floor area and is not included in floor area calculations. 8. The project will have a positive fiscal impact on the City in that the provisions of the proposed DA and conditions of approval will ensure that the project will have a positive fiscal impact on the City. SECTION 2. The City Council hereby approves DA -2018-00001 attached hereto as Exhibit A and subject to final approval of the City Attorney. SECTION 3. Severability. If any section, subsection, sentence, clause, phrase, or portion of this ordinance is for any reason held to be invalid or unconstitutional by the decision of any court of competent jurisdiction, such decision shall not affect the validity of the remaining portions of this ordinance. The City Council of the City of Tustin hereby declares that it would have adopted this ordinance and each section, subsection, sentence, clause, phrase, or portion thereof irrespective of the fact that any one or more sections, subsections, sentences, clauses, phrases, or portions be declared invalid or unconstitutional. PASSED AND ADOPTED, at a regular meeting of the City Council for the City of Tustin on this 16th day of July, 2019, CHARLES E. PUCKETT Mayor ERICA N. YASUDA City Clerk Ordinance No. 1501 DA -2018-00001 Page 4 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY OF TUSTIN ) ORDINANCE NO. 1501 ERICA N. YASUDA, City Clerk and ex -officio Clerk of the City Council of the City of Tustin, California, does hereby certify that the whole number of the members of the City Council of the City of Tustin is 5; that the above and foregoing Ordinance No. 1501 was duly and regularly introduced at a regular meeting of the Tustin City Council, held on the 2nd day of July, 2019, and was given its second reading, passed, and adopted at a regular meeting of the City Council held on the 16th day of July, 2019, by the following vote: COUNCILMEMBER AYES: COUNCILMEMBER NOES: COUNCILMEMBER ABSTAINED: COUNCILMEMBER ABSENT: ERICA N. YASUDA City Clerk Published: EXHIBIT A OF ATTACHMENT E Development Agreement 2018-00001 CITY OF TUSTIN OFFICIAL BUSINESS REQUEST DOCUMENT TO BE RECORDED AND TO BE EXEMPT FROM RECORDING FEES PER GOVERNMENT CODE 6103 AND 27383. Recording requested by and When recorded mail to: The City of Tustin 300 Centennial Way Tustin, CA 92780 Attn: Citv Clerk SPACE ABOVE THIS LINE FOR RECORDER'S USE SCHOOLSFIRST DEVELOPMENT AGREEMENT THIS SCHOOLSFIRST DEVELOPMENT AGREEMENT ("Agreement") is entered into effective as of the Effective Date (as defined below) by and between the CITY OF TUSTIN, a California municipal corporation ("City") and SCHOOLSFIRST FEDERAL CREDIT UNION (as further defined in Section 1.1.10, "Developer"). RECITALS A. To strengthen the public planning process, encourage private participation in comprehensive planning, and reduce the economic risk of development, the Legislature of the State of California adopted the "Development Agreement Statute," Sections 65864, et seq., of the California Government Code ("Government Code"). The Development Agreement Statute authorizes City to enter into an agreement with any person having a legal or equitable interest in real property and to provide for development of such property and to establish certain development rights therein. B. City and Developer intend, substantially concurrently with the execution of this Agreement, to enter into that certain Disposition and Development Agreement for SchoolsFirst Headquarters Project, as the same may be amended from time to time ("DDA") pursuant to which City shall agree to sell, and Developer shall agree to buy the City Property (as defined below) and develop the Property (as defined below) all as more specifically set forth in the DDA. Pursuant to the DDA, Developer has a legal and equitable interest in the Campus in that Developer owns the Campus other than the City Property and has an equitable interest in the City Property in that it has the contractual right to purchase the City Property from City for development of the Project (as defined below). C. Pursuant to Government Code Section 65864, the State legislature has found and determined that: "(a) The lack of certainty in the approval of development projects can result in a waste of resources, escalate the cost of development to the consumer, and discourage Tustin - SchoolsFirst - Development 1 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union investment in and commitment to comprehensive planning which would make maximum efficient utilization of resources at the least economic cost to the public. (b) Assurance to the applicant for a development project that upon approval of the project, the applicant may proceed with the project in accordance with existing policies, rules and regulations, and subject to conditions of approval, will strengthen the public planning process, encourage private participation in comprehensive planning, and reduce the economic costs of development." In accordance with the legislative findings set forth in Government Code Section 65864, City wishes to attain certain public objectives that will be furthered by this Agreement. This Agreement will provide for the orderly implementation of the General Plan of the City ("General Plan"), and the phased development and completion of the Project in accordance with the DDA and the Specific Plan (as defined below). This Agreement will further a comprehensive planning objective contained within the City's General Plan. D. The DDA and development of the Project in accordance with the Specific Plan require a substantial early investment of money and planning and design effort by Developer. Without the protection provided by this Agreement, uncertainty that the Project may be completed in its entirety could result in a waste of public resources, escalate the cost of public improvements, and discourage Developer's participation in those certain public improvements specified in the DDA and the Specific Plan. Developer's participation in the implementation of the DDA and the Specific Plan will result in a number of public benefits. These benefits require the cooperation and participation of City and Developer and could not be secured without mutual cooperation in and commitment to the comprehensive planning effort that has resulted in the DDA and the Specific Plan. E. Developer wishes to avoid certain development risks and uncertainties that would, in the absence of this Agreement, deter and discourage Developer from making a commitment to implement the DDA and the Specific Plan. These are as follows: 1. It is generally the law in California that, absent extraordinary circumstances or the approval of a vesting subdivision map, an owner of the land does not obtain a vested right to improve land until the issuance of a building permit for the improvements and commencement of substantial construction pursuant to that permit. The result is a disincentive for landowners to invest monies in the early completion of major infrastructure and other public improvements as part of any project or in early comprehensive planning and design studies. 2. Development under the DDA and the Specific Plan requires a substantial early investment of money and planning and design effort by Developer. Uncertainty about City's land use policies, rules and regulations could result in a waste of private resources, escalate the cost of certain public improvements, and escalate costs of proposed commercial land uses. F. The following assurances are of vital concern to Developer to offset or remove the disincentives and uncertainties set forth in Recital E: 1. Assurance to Developer that, in return for Developer's commitment to the development of the Property as described in the DDA and any approved entitlements and to Tustin - SchoolsFirst - Development 2 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union complete the Public Benefit Improvements (as defined below) and the other obligations of Developer under this Agreement, City will in turn remain committed to the Existing Entitlement Approvals and the Maximum Campus Square Footage allocation (each as defined below); 2. Assurances to Developer that as Developer becomes obligated for the costs of designing and constructing the public and private improvements included in the DDA and the Specific Plan, Developer will become entitled to rely upon the Vested Rights (as defined below) in the development of the Property and in the Maximum Campus Square Footage allocation for the Campus; and 3. Assurances to Developer that in City's administration of the Existing Entitlement Approvals, Developer will be allowed, consistent with the DDA and the Specific Plan to develop the commercial land uses and intensities identified in the DDA and the Specific Plan. These assurances provide for cooperation and participation of City and Developer and could not be secured without mutual cooperation in and commitment to the comprehensive planning effort that has resulted in the DDA and the Specific Plan. G. The Development Agreement Statute authorizes local agencies to enter into binding development agreements with persons having legal or equitable interests in real property for the development of such property. City wishes to enter into a development agreement with Developer to secure the Public Benefits (as defined below) and additional consideration described in this Agreement, and Developer wishes to enter into a development agreement with City to avoid development risks and uncertainties and to obtain the assurances described above. H. This Agreement is intended to be, and shall be construed as, a development agreement within the meaning of the Development Agreement Statute. This Agreement is intended to augment and further the purposes and intent of the Parties in the implementation of the DDA and the Specific Plan. This Agreement, as a device for the implementation of the Existing Entitlement Approvals, will eliminate uncertainty in planning for and secure the orderly development of the Project, ensure a desirable and functional community environment, provide effective and efficient development of public facilities, infrastructure, and services appropriate for the development of the Project, assure attainment of the maximum effective utilization of resources within the City, and provide other significant public benefits to City and its residents by otherwise achieving the goals and purposes of the Development Agreement Statute. In exchange for these benefits to City, Developer desires to receive the assurance that it may proceed with development of the Project in accordance with the terms and conditions of this Agreement and the Applicable Rules (as defined below), all as more particularly set forth herein. I. City has determined that this Agreement and the Project are consistent with the General Plan and the Specific Plan and that this Agreement complies with the findings established and required by the Tustin City Code, in that the Agreement: 1. Is consistent with the objectives, policies, general land uses and programs specified in the General Plan and the Specific Plan. 2. Is compatible with the uses authorized by the Specific Plan. Tustin - SchoolsFirst - Development 3 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union 3. Is in conformity with the public necessity, public convenience, general welfare, and good land use practices. Note: the Project will enhance community development, provide employment opportunities and support economic development activity in the vicinity of the Project. 4. Will not be detrimental to the health, safety, and general welfare. Note: compliance with the Specific Plan, Tustin City Code, and other regulations will ensure that the Project will not be detrimental. 5. Will not adversely affect the orderly development of property and will assure that the proposed Project is orderly and well designed. 6. Will have a positive fiscal impact on the City. Note: the provisions of the DDA will ensure that the Project will have a positive fiscal impact on the City. J. On , 2019, the Planning Commission held a public hearing on this Agreement, made certain findings and determinations with respect thereto, and recommended to the City Council of City that this Agreement be approved. On , 2019, the City Council held a public hearing on this Agreement, considered the recommendations of the Planning Commission, introduced and had a first reading of Ordinance No. with the second reading and adoption at the 2019 City Council meeting, approving this Agreement and authorizing its execution. AGREEMENT NOW, THEREFORE, in consideration of the above recitals, which are incorporated herein by this reference, and for good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, the Parties agree as follows: 1. DEFINITIONS AND EXHIBITS. 1.1. Definitions. Any capitalized word or term used in this Agreement shall have the definition or meaning ascribed to such word or term as provided in the DDA, unless the word or term is expressly provided in this Section 1.13 in which event such word or term shall have the definition or meaning as provided herein. All capitalized terms not specifically defined in the DDA or this Agreement shall be interpreted by the Director of Community Development of the City. The following terms when used in this Agreement shall be defined as follows: I.I.I. "Action" is defined in Section 8.10. 1.1.2. "Administrative Amendment" is defined in Section 2.6.2. 1.1.3. "Agreement" is defined in the introductory paragraph of this Agreement. 1.1.4. "Applicable Rules" means (a) the Existing Land Use Regulations of the City, (b) the Future Rules that are not in conflict (as defined in Section 3.6.2) with the Vested Rights; Tustin - SchoolsFirst - Development 4 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union (c) the Future Rules made applicable to the Project and/or the Property pursuant to Section 3.10; (d) the Existing Entitlement Approvals; (e) the Maximum Campus Square Footage; and (f) the Subsequent Entitlement Approvals to which the Project and/or the Property or development and use thereof are made subject to pursuant to the terms of this Agreement. For avoidance of doubt, the term Applicable Rules applies only to development of the Project on the Property and does not apply to the remainder of the Campus. 1.1.5. "Applications" is defined in Section 3.11.1. 1.1.6. "Assignment" is defined in Section 2.4.1(a). 1.1.7. "Business Day(s)" means any day on which City Hall is open for business and shall specifically exclude, Saturday, Sunday and each legal holiday observed by the City. 1.1.8. "Campus" means the real property legally described and depicted on Exhibit A-4 and is comprised of the City Property legally described and depicted on Exhibit A-1 and the SchoolsFirst Parcels legally described and depicted on Exhibit A-2. 1.1.9. "Campus Improvements" means the improvements existing upon or to be constructed by Developer upon the Campus and shall include the Project and such other improvements as may be constructed by Developer from time to time. 1.1.10. "CEQA" is defined in Section 3.5.2(d). 1.1.11. "Certificate" is defined in Section 4.4. 1.1.12. "Certificate of Compliance" means that certain Certificate of Compliance to be issued by the City to Developer pursuant to the DDA only upon satisfaction of all conditions precedent thereto set forth in the DDA. 1.1.13. "City" is defined in the introductory paragraph of this Agreement. 1.1.14. "City Costs Deposit" is defined in Section 3.13.1(b). 1.1.15. "City Processing Fees" means (a) all fees and charges imposed by the City under the then current regulations for processing applications and requests for permits, approvals, and other actions and monitoring compliance with any permits issued or approvals granted, including all applicable processing and permit fees to cover the reasonable cost to the City of (i) processing and reviewing applications and plans for any Entitlement Approvals, site review and approval, administrative review, and similar fees imposed to recover the City's costs associated with processing, reviewing, and inspecting applications, plans and specifications for the Project, (ii) inspecting the work constructed or installed by or on behalf of Developer, and (iii) monitoring compliance with any requirements applicable to development of the Project, and (b) all costs incurred by the City in the performance of necessary studies and reports in connection with the foregoing and its obligations under this Agreement. Tustin - SchoolsFirst - Development 5 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union 1.1.16. "City Property" means the real property legally described and depicted as the City Property on Exhibit A-1 to this Agreement and comprises the portion of the Property owned by City as of the Effective Date. 1.1.17. "Claiming Party" is defined in Section 8.11.3. 1.1.18. "Costs" is defined in Section 8.10. 1.1.19. "Damages" is defined in Section 5.3. 1.1.20. "DDA" is defined in the Recital B. 1.1.21. "Decision" is defined in Section 8.10. 1.1.22. "Defaulting Party" is defined in Section 5.1. 1.1.23. "Developer" is defined in the introductory paragraph of this Agreement and includes each and every Successor in Interest. 1.1.24. "Development Agreement Statute" is defined in Recital A. 1.1.25. "Development Permits" means all ministerial permits, certificates and approvals which may be required by City or other governmental authority for the development and construction of the improvements for the Project, in each case in accordance with this Agreement, the DDA, the Applicable Rules and any required environmental mitigation, including any engineering permits, grading permits, foundation permits, construction permits and building permits. 1.1.26. "Effective Date" means the date that is thirty-one (3 1) calendar days after the approval (second reading) by the City Council of the City's ordinance approving this Agreement. 1.1.27. `BIR" means the Final Environmental Impact Report for the Pacific Center East Specific Plan adopted by the City Council on December 17, 1990 and Supplement #1 adopted on May 5, 2003. 1.1.28. "Entitlement Approvals" means all discretionary land use approvals and entitlements for the Project including the Development Agreement, tentative and final parcel and tract maps, Lot Line Adjustments, Conditional Use Permits, the Concept Plans and Design Review approvals as may be applicable for proposed specific uses(s) in connection with development of the Project, and all conditions of approval legally required by City and any other Governmental Authority as a condition to subdivision of or lot line adjustment for the Property, and construction of the improvements in accordance with this Agreement. Entitlement Approvals shall be comprised of the Existing Entitlement Approvals and the Subsequent Entitlement Approvals. 1.1.29. "Existing Entitlement Approvals" means all Entitlement Approvals approved or issued prior to the Effective Date with respect to the Property and including the following, which are a matter of public record on the Effective Date: (a) Development Agreement (DA) 2018- 00001; (b) Design Review (DR) 2018-00023; (c) Conditional Use Permit (CUP) 2018-00015 and (d) Lot Line Adjustment (LLA) 2018-00003. Tustin - SchoolsFirst - Development 6 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union 1.1.30. "Existing Land Use Regulations" means the Land Use Regulations in effect on the Effective Date, including the General Plan, the Tustin City Code, the Specific Plan, and all other ordinances, resolutions, rules, and regulations of the City governing development and use of the Property and the Project in effect as of the Effective Date. 1.1.31. "Final Date" is defined in Section 3.13.1(b). 1.1.32. "Force Majeure Delay" is defined in Section 8.11.1. 1.1.33. "Future Rules" is defined in Section 3.6,2. 1.1.34. "General Plan" is defined in Recital C. 1.1.35. "Government Code" is defined in Recital A. 1.1.36. "Land Use Regulations" means all laws, statutes, ordinances, resolutions, codes, orders, rules, regulations and official policies of City governing the development and use of land, including the permitted uses of the Campus, the density or intensity of use, subdivision requirements, timing and phasing of development, the maximum height and size of proposed buildings, and the provisions for reservation or dedication of land for public purposes. 1.1.37. "Maximum Campus Square Footage" is defined in Section 3.6.4. 1.1.38. "Non -Defaulting Party" is defined in Section 5.1. 1.1.39. "Non -Reimbursable Improvements" means those Public Benefit Improvements identified on Exhibit C as "Non -Reimbursable Improvements" and is comprised of the Non - Reimbursable Public Improvements and the Non -Reimbursable Private Improvements. 1.1.40. "Non -Reimbursable Public Improvements" means those Public Benefit Improvements Developer has agreed to construct on City -owned right of way, which improvements will be owned by the City. 1.1.41. "Non -Reimbursable Private Improvements" means those Public Benefit Improvements Developer has agreed to construct on the Property, which improvements will be owned by Developer. 1.1.42. "Parties" means City and Developer, collectively. 1.1.43. "Party" means either City or Developer, individually. 1.1.44. "Plan Check and Inspection Fees" means the fees and costs incurred by the City with respect to its provision of Plan Check and Inspection Services for the Project, which shall be billed to Developer by City and paid by Developer to City in accordance with Section 3.13.1(b). 1.1.45. "Plan Check and Inspection Services" means the services performed by City staff and its third party inspectors, engineers and consultants, if any, to carry out and complete plan check, perform inspections, and monitor Developer compliance with the Applicable Rules, as needed for review and issuance of encroachment permits, excavation permits, grading permits, Tustin - SchoolsFirst - Development 7 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union mechanical, electrical and plumbing permits and building permits requested by Developer in connection with the Project. 1.1.46. "Prevailing Party" is defined in Section 8.10. 1.1.47. "Project" means the development of the Property contemplated by the Existing Entitlement Approvals as modified by Subsequent Entitlement Approvals, if any, that may further define, enhance or modify the Existing Entitlement Approvals pursuant to the provisions of this Agreement. 1.1.48. "Property" means the real property legally described and depicted on Exhibit A-3 comprising the "Development Parcels" as such term is defined in the DDA. 1.1.49. "Public Benefits" means those public benefits to be provided by the Developer and the Project as described in Section 3.1 that comprise enforceable additional consideration to City for this Agreement. 1.1.50. Public Benefits Improvements" means the improvements listed on Exhibit C including both the Reimbursable Improvements and Non -Reimbursable Improvements listed thereon, collectively. 1.51. "Recorded" is defined in Section 8.1. 1.1.52. Reimbursable Improvements" means those Public Benefit Improvements identified on Exhibit C as "Reimbursable Improvements". 1.1.53. "Reimbursement Agreement" means the Reimbursement Agreement attached hereto as Exhibit D to be entered into by City and Developer at the Close of Escrow, pursuant to which City shall, on the terms and conditions set forth therein, reimburse Developer for the Actual Costs (as defined therein) of the Reimbursable Improvements. 1.1.54. "Reservation of Authority" means the rights and authority excepted from the assurances and rights provided to Developer under this Agreement and reserved to City under Section 3.10. 1.1.55. "Schools First Affiliate" is defined in Section 2.4.1(b). 1.1.56. "SchoolsFirst Parcels" means the real property legally described and depicted as the SchoolsFirst Parcels on Exhibit A-2 to this Agreement and comprises the portion of the Campus owned by Developer as of the Effective Date. 1.1.57. "Second Party" is defined in Section 8.11.3. 1.1.58. "Specific Plan" means the City's Pacific Center East Specific Plan, as amended, and as the same maybe further amended from time to time. 1.1.59. "State" means the State of California. 1.1.60. "Subsequent Entitlement Approvals" means Entitlement Approvals, if any, Tustin - SchoolsFirst - Development 8 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union approved by City subsequent to the Effective Date in connection with development of the Project on the Property and specifically excludes entitlement approvals, including any such approvals by the City following the Effective Date, for portions of the Campus other than the Property. 1.1.61. Successor In Interest" or "Successors In Interest" means respectively, any one or all, of the successors in interest of Developer holding a legal or equitable interest in the whole of the Campus, or any portion thereof, by or through Developer (including by or through Developer's successors in interest holding legal or equitable interest therein). 1.1.62. "Term" is defined in Section 2.3. 1.63. "Tustin City Code" means the municipal code of the City of Tustin. 1.1.64. "Vested Rights" means the rights granted to Developer pursuant to this Agreement upon its acquisition of the City Property (a) to develop the Property with the Project in accordance with, and subject to the terms and conditions of this Agreement and the Applicable Rules and (b) with respect to the portions of the Campus other than the Property, solely to establish the Maximum Campus Square Footage, and for no other purpose. 1.2. Exhibits. The following documents are attached to, and by this reference made a part of, this Agreement: Exhibit A-1 Legal Description and Depiction of City Property Exhibit A-2 Legal Description and Depiction of SchoolsFirst Parcels Exhibit A-3. Legal Description and Depiction of Property Exhibit A-4 Legal Description and Depiction of Campus Exhibit B Map showing Specific Plan Planning Areas and Maximum Campus Square Footage Exhibit C Public Benefit Improvements Exhibit D Reimbursement Agreement 2. GENERAL PROVISIONS. 2.1. Binding Effect of Agreement. The Property is hereby made subject to this Agreement. Development of the Property is hereby authorized and shall be carried out only in accordance with the terms of this Agreement. Notwithstanding any other provision of this Agreement, unless otherwise agreed by the Parties in writing, this Agreement shall be null and void if the associated DDA is not approved by the City Council of the City and Developer and executed by authorized representatives of the City and Developer within one hundred and eighty (180) calendar days following the Effective Date. In addition, the portions of the Campus other than Property are made subject to this Agreement as to the Maximum Campus Square Footage allocation only. 2.2. Interests in Propertv. City and Developer agree that Developer's ownership of portions of the Campus and right to acquire the City Property pursuant to the DDA creates a sufficient legal and/or equitable interest in order to enter into this Agreement. Tustin - SchoolsFirst - Development 9 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union 2.3. Term. Subject to Section 2. 1, the term of this Agreement shall commence on the Effective Date and shall continue for a term of five (5) years unless this term is terminated, modified, or extended by circumstances set forth in this Agreement or by mutual written consent of the Parties. Notwithstanding the foregoing, the term of this Agreement shall be automatically extended during the term of any Force Majeure Delay, provided that the maximum term of this Agreement as extended by Force Majeure Delay shall be six (6) years. Notwithstanding any other provision of this Agreement, concurrently with any termination of the DDA occurring prior to Close of Escrow, unless otherwise requested by the City, this Agreement will terminate and Developer will cooperate with City and will execute, in form permitting it to be Recorded, such instruments as may be reasonably requested by the City to effect such termination. In addition, this Agreement shall automatically terminate upon the date upon which Developer's rights to acquire the City Property under the DDA expire, if Developer fails on or before such date to acquire the City Property. 2.4. Sale, Assignment, Transfer. 2.4.1. Assignment and Notification. The rights, interests and obligations conveyed and provided herein to Developer benefit and are appurtenant to the Campus. Developer has the right to sell, assign and/or transfer any and all of its rights and interests in and to the Campus and this Agreement and to delegate any and all of its duties and obligations hereunder; provided, however, that such rights and interests may not be sold, assigned or transferred except in strict compliance with the following conditions: (a) Until the Certificate of Compliance has been Recorded, prior and as a condition to any sale, assignment or transfer of this Agreement and any portion of the Campus ("Assignment"): (i) as to an Assignment including all or any portion of the Property, Developer shall secure the prior written consent of the City when and if such Assignment triggers a requirement for City consent to a Transfer or Transfer of Control (each as defined in the DDA) under Article 2 of the DDA and in such case, City consent to the Assignment of this Agreement shall be subject to the provisions, standards and requirements set forth in Article 2 of the DDA (which are incorporated herein by this reference as though fully set forth in this Agreement) applicable to a Transfer or Transfer of Control, as applicable, thereunder; provided that if such Transfer or Transfer of Control is a Permitted Transfer (as defined in the DDA), no City consent shall be required; and (ii) as to an Assignment only as to a portion of the Campus other than the Property, Developer shall secure the written consent of City, in its reasonable discretion, prior and as a condition to any such Assignment; (b) After the Certificate of Compliance is Recorded, Developer shall secure the written consent of City, in its reasonable discretion, prior and as a condition to any Assignment of this Agreement and all or any portion of the Campus, provided that, notwithstanding anything to the contrary set forth in this Section 2.4, Developer may assign this Agreement to a SchoolsFirst Affiliate (as defined below) without the requirement of obtaining the City's prior written consent but any Assignment to a SchoolsFirst Affiliate shall be subject to all other requirements of this Section 2.4. The term "SchoolsFirst Affiliate" shall mean only a credit Tustin - SchoolsFirst - Development 10 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union union service organization Controlled by SchoolsFirst Federal Credit Union. (c) In all cases, said rights and interests may be sold, assigned or transferred only as an incident of the Assignment of the portion of the Campus to which they relate, including any Assignment pursuant to a foreclosure of a Mortgage or a deed in lieu of a foreclosure; (d) Prior to any Assignment, Developer shall notify City in writing of such Assignment, the portions of the Campus to which the Assignment will be appurtenant, and the name and address (for purposes of notices hereunder) of the assignee or transferee, and Developer and the assignee or transferee shall notify City whether the assignee or transferee will assume any or all of Developer's obligations under this Agreement and, if only a portion, which of Developer's obligations will be assumed; and (e) The assignee or transferee shall have entered into an Assignment Agreement if required by the DDA. Any attempt to assign or transfer any right or interest in this Agreement except in strict compliance with this Section 2.4 shall be null and void and of no force and effect. 2.4.2. Subject to Terms of Agreement. Following an Assignment of any of the rights and interests of Developer set forth in this Agreement in accordance with Section 2.4.1, the assignee's exercise, use, and enjoyment of the Campus shall be subject to the terms of this Agreement to the same extent as if the assignee or transferee were Developer. 2.4.3. Release of Developer Upon Transfer. Notwithstanding an Assignment of portions or all of the Campus or the rights or interests under this Agreement, Developer shall continue to be obligated under this Agreement unless released or partially released by City with respect to Developer's obligations and the other duties and obligations of Developer under this Agreement, pursuant to this Section, which release or partial release shall apply only with respect to obligations of Developer following the effective date of the Assignment. Such release or partial release shall be provided by City upon the full satisfaction by Developer of each and every one of the following conditions: (a) Developer is not then in default under this Agreement; (b) If required pursuant to Section 2.4.1, City has consented to the Assignment utilizing the procedures and apply the standard of City approval set forth in such Section; (c) The Assignment is not a Transfer to an Affiliate or other Transfer or Transfer of Control for which the DDA expressly provides that Developer shall not be released from its obligations under the DDA; (d) The Assignment is an assignment of all of Developer's interest in the Campus (or portion of the Campus) being transferred, and, if a portion of the Property is assigned or transferred, such Assignment shall include all of Developer's rights in the DDA, this Tustin - SchoolsFirst - Development 11 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union Agreement and the remaining Other Agreements applicable to the Property being assigned or transferred; (e) An assignee or transferee has assumed all duties and obligations as to which Developer is requesting to be released pursuant to an assignment and assumption agreement approved by City; and (f) The assignee or transferee is financially able to assume the obligations proposed for Assignment and has demonstrated to the reasonable satisfaction of City that adequate resources have been committed to the full performance of such obligations. City shall cooperate with Developer, at no cost to City, in executing in recordable form any document that City has approved to confirm the release of Developer pursuant to this Section 2.4. 2.5. No Release. In the absence of specific written agreement by City, pursuant to which City expressly releases the Developer under the applicable provisions of the DDA and this Agreement, no Transfer shall constitute a release of Developer from any of its obligations under this Agreement and the Developer shall retain such obligations and remain jointly and severally liable for such obligations. 2.6. Amendment or Cancellation of Agreement. 2.6.1. Generally. This Agreement may be amended or cancelled in whole or in part only in the manner as provided for in the Government Code and the Tustin City Code. This provision shall not limit any remedy of City or Developer as provided by this Agreement. Developer or City may propose an amendment to or cancellation, in whole or in part, of this Agreement. Any amendment or cancellation shall be by mutual consent of City and Developer except as provided otherwise in this Agreement, in compliance with any applicable requirements established by the Government Code and/or the Tustin City Code. 2.6.2. Administrative Amendments; Authori, of City Manager. Any amendment to this Agreement which does not relate to the Term of this Agreement, permitted uses of the Project, provisions for the reservation or dedication of land or the conditions, terms, restrictions and requirements relating to Subsequent Entitlement Approvals of City, revisions to Public Benefits (other than to the time for performance of the Public Benefits Improvements) or monetary exactions of Developer, shall be considered an "Administrative Amendment". Any modification to the Maximum Campus Square Footage or affecting portions of the Campus other than the Property shall not be an Administrative Amendment. The City Manager or assignee is authorized to execute Administrative Amendments on behalf of City and no action by the Planning Commission or the City Council (e.g. noticed public hearing) shall be required before the Parties may enter into an Administrative Amendment. However, if in the judgment of the City Manager or assignee a proposal is not an Administrative Amendment or a proposed Administrative Amendment should be considered by the approval bodies of the City, then in either case, the City's Planning Commission shall conduct a noticed public hearing to consider whether the amendment should be approved or denied and shall make a recommendation to the City Council on the amendment. The City Council shall conduct a noticed public hearing to consider the request and the Planning Commission's recommendation on the matter. At the conclusion of the public hearing, the City Council may approve, deny, or conditionally approve the amendment. Tustin - SchoolsFirst - Development 12 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union 2.6.3. Consent to Amendments. In the case of amendments affecting portions of the Campus, only the consent of the owner of such portion of the Campus shall be required so long as the amendment does not diminish the rights appurtenant to or increase the burdens upon any other portion of the Campus. Any Future Rule applicable to the Project or the Property pursuant to this Agreement and any amendment of City Land Use Regulations including to the General Plan, applicable Specific Plan or City's zoning ordinance, shall not require amendment of this Agreement. 2.6.4. Termination. This Agreement shall be deemed terminated and of no further effect upon the occurrence of any of the following events: (a) Expiration of the Term of this Agreement as set forth in Section 2.3; (b) Entry of a final court judgment not subject to further appeal setting aside, voiding or annulling the adoption of the City ordinance approving this Agreement; (c) The adoption of a referendum measure overriding or repealing the City ordinance approving this Agreement; (d) Completion of the Project and the Public Benefits in accordance with the terms of this Agreement, the DDA, the Entitlement Approvals and the Applicable Rules, including issuance of all required occupancy permits and acceptance by City or applicable public agency of all required public improvements, and recording of a Certificate of Compliance with the Orange County Clerk Recorder when required pursuant to the DDA; Article 5; or (e) Due to termination by City in accordance with Section 4.3 or (f) Upon mutual written agreement of City and Developer. In addition, City shall have the right, but not the obligation, to terminate this Agreement as to the portion of the Property reacquired by it pursuant to any rights for such termination that may or may not exist under the DDA. Termination of this Agreement shall not constitute termination of any other Entitlement Approvals for the Property. Upon the termination of this Agreement, no Party shall have any further right or obligation hereunder except with respect to any obligation to have been performed prior to such termination or with respect to any default in the performance of the provisions of this Agreement which has occurred prior to such termination or with respect to any obligations which are specifically set forth as surviving this Agreement. 2.7. Notices, Demands and Communications between the Parties. All notices, demands, consents, requests and other communications required or permitted to be given under this Agreement shall be in writing and shall be deemed conclusively to have been duly given (a) when hand delivered to the other Party; (b) three (3) Business Days after such notice has been sent by United States mail via certified mail, return receipt requested, postage prepaid, and addressed to the other Party as set forth below; or (c) the next Business Day after such notice has been deposited with a national overnight delivery service reasonably approved by the Parties (Federal Express, United Parcel Service and U.S. Postal Service are deemed approved by the Parties), postage prepaid, addressed to the Party to whom notice is being sent as set forth with next Business -Day Tustin - SchoolsFirst - Development 13 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union delivery guaranteed, provided that the sending Party receives a confirmation of delivery from the delivery service provider. Unless otherwise provided in writing, all notices hereunder shall be addressed as follows: If to City: City of Tustin 300 Centennial Way Tustin, CA 92780 Attention: City Manager and Director of Community Development With a copy to: City Attorney, City of Tustin Woodruff Spradlin & Smart 555 Anton Boulevard, #1200 Costa Mesa, CA 92626 Attention: David Kendig, Esq. If to Developer, then separate notices shall be sent to each of the following: SchoolsFirst Federal Credit Union 1200 Edinger Avenue Tustin, CA 92780 Bill Cheney, President/CEO Francisco Nebot, Chief Financial Officer Christina Quintero, Vice President Facilities Services With a copy to: Jeffrey P. Walsworth and Cindy Hughes 1 City Boulevard, 5h Floor Orange, CA 92868 Any Party may by written notice to the other Party in the manner specified in this Agreement change the address to which notices to such Party shall be delivered. 3. DEVELOPMENT OF THE PROPERTY. 3.1. Public Benefits. This Agreement provides assurances that the Project described by this Agreement will be achieved and developed in accordance with the Applicable Rules and this Agreement. The Parties believe that such orderly development of the Project will provide the benefits to the City and additional regional public benefits, including: increased tax revenues, installation of on-site and off-site improvements, and creation and retention of jobs. In addition, Developer will complete the Public Benefit Improvements listed on Exhibit C within the time periods set forth for completion in the Schedule of Performance attached to the DDA. Notwithstanding anything to the contrary in this Agreement, if any payment under this Article 3 Tustin - SchoolsFirst - Development 14 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union is not made or any obligation requiring performance is not performed by Developer, the City may withhold further issuance of building permits and other approvals, including final maps, for the Project until such time as Developer has made the required payment or undertaken the required performance. 3.2. Developer Objectives. In accordance with the legislative findings set forth in the Government Code, the Developer wishes to obtain reasonable assurances that the Project may be developed in accordance with the Applicable Rules and with the terms of this Agreement and subject to the City's Reservation of Authority. To the extent of Project development, and as provided by Section 3.5.2, Developer anticipates making capital expenditures or causing capital expenditures to be made in reliance upon the DDA and this Agreement. In the absence of this Agreement, Developer would have no assurance that it can complete the Project for the uses and to the density and intensity of development set forth in this Agreement and the Existing Entitlement Approvals. This Agreement, therefore, is necessary to assure Developer that the Project will not be (a) reduced or otherwise modified in density, intensity, maximum square footage or use from what is set forth in the Existing Entitlement Approvals, or (b) subjected to new rules, regulations, ordinances or official policies or plans except for Future Rules made applicable pursuant to the terms of this Agreement. 3.3. Mutual Objectives. Development of the Project in accordance with this Development Agreement will provide for the orderly development of the Property in accordance with the objectives set forth in the General Plan. Moreover, a development agreement for the Project will eliminate uncertainty in planning for and securing orderly development of the Property, assure installation of necessary improvements, assure attainment of maximum efficient resource utilization within the City at the least economic cost to its citizens and otherwise achieve the goals and purposes established by the Government Code. Additionally, although development of the Project in accordance with this Agreement will restrain the City's land use or other relevant police powers, this Agreement provides City with sufficient reserved powers during the term hereof to remain responsible and accountable to its residents. In exchange for these and other benefits to City, the Developer will receive assurance that the Project may be developed during the term of this Agreement in accordance with the Applicable Rules, and subject to the City's Reservation of Authority and the terms and conditions of this Agreement. 3.4. Applicability of the Agreement. This Agreement does not: (a)(i) grant development capacity for the Property or the Project in excess of that established in the Existing Entitlement Approvals or (ii) except as set forth in clause (a)(i) above, grant development capacity or development rights for the Campus except with respect to establishment of the Maximum Campus Square Footage; (b) eliminate future discretionary actions relating to the Project that are either required by the Applicable Rules or requested by Developer pursuant to applications initiated and submitted by Developer after the Effective Date; (c) eliminate the requirement that Developer obtain all entitlement approvals required by the City pursuant to then -effective Land Use Regulations with respect to development on the Property of any project other than the Project or development on portions of the Campus other than the Property; (d) guarantee that Developer will receive any profits from the Project or any other development on the Campus; (e) amend the DDA, the Specific Plan or the General Plan or (f) protect the Developer, the Project or the Campus from the applicability of any increases in development fees or City Processing Fees. Notwithstanding any other provision of this Agreement: (i) except as specifically set forth in Tustin - SchoolsFirst - Development 15 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union Sections 3.6.2 and 3.10, this Agreement does not protect the Developer, the Projector the Property from the applicability of any Future Rules (1) imposed pursuant to the City's Reservation of Authority or (2) if not imposed pursuant to the City's Reservation of Authority, adopted by the City and not in conflict (as defined in Section 3.6.2) with Existing Land Use Regulations and (ii) does not protect the Campus other than the Property or the Campus Improvements other than the Project from the applicability of any Future Rules or provide Vested Rights to the portions of the Campus other than the Property or the Campus Improvements other than the Project except by establishing an allocation to the Campus of the Maximum Campus Square Footage in accordance with Table 4 of the Specific Plan. For avoidance of doubt, the inclusion or failure to include a reference to the remainder of the Campus or to the Maximum Campus Square Footage in any Section of this Agreement granting or limiting rights applicable to the Property or the Project shall not be construed to create additional rights in Developer associated with the development of such portions of the Campus or Campus Improvements thereon. 3.5. Agreement and Assurance on the Part of the Developer. In consideration for City entering into this Agreement, and as an inducement for City to obligate itself to carry out the covenants and conditions set forth in this Agreement, and in order to effectuate the premises, purposes and intentions set forth in this Agreement, Developer hereby agrees as follows: 3.5.1. Project Development. Developer agrees that it will use commercially reasonable efforts, in accordance with its own business judgment and taking into account market conditions and economic considerations, to undertake any development of the Project in accordance with the terms and conditions of the DDA, this Agreement and the Existing Entitlement Approvals. 3.5.2. Additional Obligations of Developer as Consideration for this Agreement. In addition to the obligations identified in Section 3. 1, the development assurances provided by Developer in this Agreement and the resulting construction of the Project will result in the following: (a) Construction of an office complex comprised of (i) a three-story, 180,000 square foot office building, (ii) a one-story, 5,000 square foot retail credit union branch, and (iii) a four -level parking structure with approximately 920 parking spaces consistent with this Agreement, the Applicable Rules and the DDA, including in accordance with the schedule of performance set forth in the DDA. (b) Construction of all Improvements identified in the DDA in accordance with the schedule of performance set forth in the DDA. (c) Completion of all Public Benefit Improvements identified on Exhibit C in accordance with the schedule of performance set forth in the DDA and this Agreement. (d) Compliance with the DDA, the Applicable Rules, State and federal law, all mitigation measures, including measures imposed pursuant to the California Environmental Quality Act ("CEQA"), all Development Permits and all conditions of approval associated with the foregoing. Tustin - SchoolsFirst - Development 16 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union (e) Payment of all required development related fees, including all required processing fees, pursuant to the terms and conditions set forth in the DDA and this Agreement. 3.6. Agreement and Assurances on the Part of CitX. In consideration for Developer entering into this Agreement, as an inducement for Developer to obligate itself to carry out the covenants and conditions set forth in this Agreement, and in order to effectuate the purpose of this Agreement, City hereby agrees as follows: 3.6.1. Applicable Regulations, Vested Right to Develop. To the maximum extent permitted by law, Developer has the vested right for the term of this Agreement to develop the Project on the Property subject to the terms and conditions of this Agreement, the Applicable Rules, State and federal law, in each case subject to City's Reservation of Authority and subject to the additional terms and conditions set forth in the DDA. Other than as expressly set forth in this Agreement, during the Term, the terms and conditions of development applicable to the Property, including the permitted uses of the Property, the density and intensity of use, maximum height and size of proposed buildings, the design, improvement and construction standards and specifications applicable to the development of the Property, including any changes authorized pursuant to Section 3.6.2, the requirements for infrastructure and public improvements and the provisions for the reservation and dedication of land as needed for public purposes pursuant to Governmental Requirements, shall be those set forth in the DDA and the Applicable Rules. In connection therewith and subject to the terms of this Agreement including the Reservation of Authority, Developer shall have the Vested Right to carry out and develop the Property in accordance with the Applicable Rules and the provisions of this Agreement. In addition, by executing this Agreement, the City confirms the Maximum Campus Square Footage for the Campus but provides no other Vested Rights with respect to the development of portions of the Campus other than the Property or with respect to Campus Improvements other than the Project. 3.6.2. Changes Authorized by City. To the extent any changes in the Existing Land Use Regulations, or any provisions of future General Plans, Specific Plans, Tustin City Code or other rules, regulations, ordinances or policies of City (whether adopted by means of ordinance, initiative, referenda, resolution, policy, order, moratorium, or other means, adopted by the City Council, Planning Commission, or any other board, commission, agency, committee, or department of City, or any officer or employee thereof) following the Effective Date (collectively, "Future Rules") are not in conflict with the Vested Rights, such Future Rules shall be applicable to the Project. For purposes of this Section 3.6.2, the word "conflict" means Future Rules that would (a) frustrate in a more than insignificant way the intent or purpose of the Applicable Rules in relation to the Project; (b) materially increase the cost of performance of, or preclude compliance with, any provision of the Vested Right; (c) delay in a more than insignificant way development of the Project; (d) limit or restrict the availability of public utilities, services, infrastructure of facilities (for example, but not by way of limitation, water rights, water connection or sewage capacity rights, sewer connections, etc.) to the Project, or (e) impose limits or controls in the rate, timing, phasing or sequencing of development of the Project. Notwithstanding the foregoing, a Future Rule that conflicts with the Applicable Rules shall nonetheless apply to the Property if, and only if one of the following apply: (i) it is consented to in writing by Developer; (ii) it is determined by City and evidenced through findings adopted by Tustin - SchoolsFirst - Development 17 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union the City Council that the change or provision is reasonably required in order to prevent a condition dangerous to the public health or safety as set forth in Section 3.10.3; (iii) required by changes in State or federal law as set forth in Section 3.10.2; (iv) it consists of revisions to, or new building regulations permitted by Section 3.10.4; or (v) it is otherwise expressly permitted by this Agreement. 3.6.3. Availability of Public Services. To the maximum extent permitted by law and consistent with its authority, City shall use commercially reasonable efforts to assist Developer in reserving such capacity for sewer and water services as may be necessary to serve the Project, at no cost or expense to City. 3.6.4. Allocation of Development Rights Under Specific Plan; Effect of Agreement on Development of Campus. City hereby acknowledges that based on the actual net acreages for the Campus, the Specific Plan (pursuant to Table 4 of the Specific Plan) allocates to the Campus and reserves for development of the Project and additional Campus Improvements a total of 451,715 square feet of office and commercial square footage from the total Specific Plan Planning Areas 7, 9, 11, and 14 (as shown on Exhibit B) authorization of office and commercial square footage, which shall be allocated as set forth on Exhibit B ("Maximum Campus Square Footage") unless otherwise approved by the City. The foregoing is a maximum allocation for all existing and future buildings, and improvements on the Campus (but excludes parking structures, which shall not be counted toward the Maximum Campus Square Footage). Except with respect to the foregoing allocation of square footage, this Development Agreement does not provide Vested Rights to Developer with respect to portions of the Campus other than the Property or to development of improvements other than the Improvements. Notwithstanding any other provision of this Agreement, if Developer desires to develop the remainder of the Campus, other than the Project, with Campus Improvements in accordance with the Specific Plan such development shall be contingent upon consideration and approval by the City, in accordance with then -applicable Land Use Regulations, and the other then -applicable laws, rules and regulations of the City, without restriction, following public hearings as required by law, of concept plan and design review, conditional use permits and other permits and approvals required by the Specific Plan and the Tustin City Code to be issued as a condition to such development, and in carrying out such development, the Vested Rights protections under this Agreement shall not apply except to the extent of vesting of the commercial square footage allocations shown on Exhibit B. 3.7. Intentionally Omitted. 3.8. Timing of Development. The timing of development will be as set forth in the DDA. Since the California Supreme Court held in Pardee Construction Co. v. City of Camarillo (1984) 37 Cal. 3d 465, that the failure of the parties therein to provide for the timing of development resulted in a later adopted initiative restricting the timing of development to prevail over such parties' agreement, it is the Parties' intent to cure that deficiency by acknowledging and providing that Developer will adhere to the terms of the DDA regarding the timing of development. 3.9. Subsequent Entitlement Approvals; Changes and Amendments. The Parties acknowledge that refinement and further development of the Project may require Subsequent Entitlement Approvals and may demonstrate that changes are appropriate and desirable in the Existing Entitlement Approvals. Entitlement Approvals (except for this Agreement, the amendment process for which is set forth in Section 2.6) may be amended or modified from time Tustin - SchoolsFirst - Development 18 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union to time, but only at the written request of Developer or with the written consent of Developer (at its sole and absolute discretion). All amendments to the Entitlement Approvals shall automatically become part of the Applicable Rules. In the event Developer finds that a change in the Existing Entitlement Approvals is necessary or appropriate, Developer shall apply for a Subsequent Entitlement Approval to effectuate such change and City shall process and act on such application in accordance with the Applicable Rules, except as otherwise provided by this Agreement, including the Reservation of Authority. If approved, any such change in the Existing Entitlement Approvals shall thereafter be deemed to be an Existing Entitlement Approval and a Vested Right for all purposes of this Agreement without requiring an amendment to this Agreement and may be further changed from time to time as provided in this Section. 3.10. Reservation of Authority. Notwithstanding any other provision of this Agreement to the contrary, the Future Rules described in this Section 3.10 shall apply to and govern development of the Property and Project unless otherwise set forth in this Agreement. Except as set forth in Section 3.6.4 with respect to the Maximum Campus Square Footage, nothing in this Agreement shall limit the right of the City to apply Future Rules, then -existing laws and Land Use Regulations with respect to development of the portions of the Campus other than the Property and the limitations with respect to Future Rules set forth in this Section 3.10 apply solely to the Property and the Project (and the Future Rules shall apply to all development on the Campus other than the development of the Project on the Property). 3.10.1. Consistent Future Cily Regulations. Future Rules shall apply to and govern development of the Property, provided that any Future Rules which reduce the density or intensity of the Project below that permitted by the Existing Land Use Regulations or the Existing Entitlement Approvals, alter the permitted uses of the Property, reduce the maximum height or size of any permitted buildings, impose additional obligations in connection with the reservation of land for public purposes beyond the requirements identified in the DDA, or limit the rate, timing, or sequencing of development of the Property from that required in the DDA or in any Entitlement Approvals, shall be deemed inconsistent with this Agreement and shall not be applicable to the development of the Property and Project. 3.10.2. Overriding State and Federal Laws. City shall not be precluded from adopting and applying Future Rules to the Property and the development of the Project to the extent that such Future Rules are required to be applied by State or federal laws or regulations and which would override Developer's Vested Rights as set forth in this Agreement, provided however, that (a) Developer does not waive its right to challenge or contest the validity of such State or federal rules or regulations; and (b) such Future Rules, if otherwise in conflict with the Vested Rights (as described in Section 3.6.2) shall only be applied to the Project and development of the Project to the extent necessary to comply with such new State or federal law or regulation. In the event that such State or federal law or regulation (or Future Rules undertaken pursuant thereto) prevents or precludes substantial compliance with one or more provisions of the Existing Land Use Regulations or this Agreement, the Parties agree to consider in good faith amending or suspending such provisions of this Agreement as may be necessary to comply with such State or federal laws (or Future Rules), provided that no Party shall be bound to approve any amendment to this Agreement unless this Agreement is amended in accordance with the procedures applicable to the adoption of development agreements as set forth in the Development Agreement Statute and Tustin City Code and each Party retains full discretion with respect thereto. Tustin - SchoolsFirst - Development 19 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union 3.10.3. Public Health and Safetv. Nothing in this Agreement shall preclude the City Council from adopting and applying Future Rules that the City Council finds are reasonably necessary to protect persons on the Property or in the immediate community, or both, from conditions dangerous to their health or safety notwithstanding that the applications of such Future Rules or other similar limitation would result in the impairment of Developer's Vested Rights under the Agreement or the Existing Land Use Regulations. In determining whether any such Future Rules are reasonably necessary to protect persons as set forth above, the City Council shall make findings, based on evidence presented to and accepted by the City Council that the changes are reasonably necessary to protect the public health or safety. The provisions of this Section 3.10.3 do not apply to any measure adopted by initiative. 3.10.4. Uniform Construction Codes and Regulations. Policies and rules governing engineering and construction standards and specifications applicable to public and private improvements; including all uniform codes adopted by City and any local amendments to those codes adopted by City in the future shall apply to the Project and Property. 3.10.5. Police Power. In all respects not provided for in this Agreement, City shall retain full rights to exercise its police powers to regulate development of the Project and Property. Any uses or development requiring a concept plan, design review, tentative tract map, conditional use permit, variance, or other Entitlement Approvals in accordance with Existing Land Use Regulations shall require a permit or approval pursuant to this Agreement and notwithstanding any other provision set forth herein, this Agreement is not intended to vest Developer's right to issuance of such permit or approval. 3.11. Processing. 3.11.1. Subsequent Entitlement Approvals. City shall employ all lawful actions capable of being undertaken by City to promptly (a) accept all complete applications for Subsequent Entitlement Approvals (collectively, "Applications") and (b) process and take action upon Applications in accordance with the Applicable Rules with a goal of completing the review within time frames identified in the DDA; provided however, that City shall not be deemed in default under this Agreement should such time frame(s) not be met. To the extent that Developer desires that City plan check or process an Application on an expedited basis and to the extent that it requires an additional expense beyond the customary expense applicable to the general public, City shall inform Developer of such additional expense, including the cost of overtime and private consultants and other third parties. If acceptable to Developer, Developer shall pay the additional cost and City shall use good faith efforts to accelerate the processing time utilizing overtime and the services of private consultants and third parties to the extent available. Upon the written request of Developer, City shall inform Developer of the necessary application requirements for any requested City approval or requirement relating to the Project. At such time as a Subsequent Entitlement Approval applicable to the Property is approved by City, then such Subsequent Entitlement Approval shall become subject to all of the terms and conditions of this Development Agreement and shall be treated as an Existing Entitlement Approval under this Agreement. 3.11.2. Filings. Developer shall exercise reasonable efforts to file applications for Development Permits and Entitlement Approvals within the time frames and schedules as generally outlined in the DDA and shall exercise reasonable efforts to attempt to obtain Development Permits and Entitlement Approvals within the time frames identified in the DDA; Tustin - SchoolsFirst - Development 20 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union provided, however, that failure solely to comply with such time frame(s) shall not be deemed to be a default under this Agreement. 3.11.3. Cooperation. City and Developer shall cooperate in processing all applications for permits and approvals for the Project, provided, however, that such cooperation shall not include any obligation of City to incur any un -reimbursed expense, and City shall be entitled, subject to the terms of this Agreement, the DDA and Developer's rights hereunder, to exercise all discretion to which it is entitled by law in processing and issuing any permits and approvals for the Project. 3.11.4. Approvals. Notwithstanding any administrative or judicial proceedings, initiative or referendum concerning any of the Entitlement Approvals, City shall process applications for permits and approvals as provided herein to the fullest extent allowed by law and Developer may proceed at its sole risk with development of the Project pursuant to the DDA and the Applicable Rules to the fullest extent allowed by law. Notwithstanding the foregoing, Developer acknowledges and agrees that City reserves its discretion in the same manner as it exercises its discretion under its police powers, including the Reservation of Authority, to approve or disapprove all Subsequent Entitlement Approvals for the Project and/or the Property and any subsequent entitlement approvals sought by Developer with respect to the remainder of the Campus, and that nothing in this Agreement will be construed as circumventing or limiting City's discretion with respect thereto or with respect to the environmental review required by CEQA. Such reservation of discretion will apply to all contemplated legislative and quasi-judicial actions including approval of land use entitlements, CEQA compliance, code enforcement and the making of findings and determinations required by law and the City may, in its sole and absolute discretion, elect not to approve, adopt or certify any requested subsequent entitlement approval based on CEQA review or other discretionary factors. 3.12. CEQA. This Agreement does not modify, alter or change the City's obligations pursuant to CEQA. Developer acknowledges that City is required by State law to comply with CEQA in the consideration and approval of any Subsequent Entitlement Approval and/or any amendment to this Agreement. The EIR, which has been certified by City as being in compliance with CEQA, addresses the potential environmental impacts of the entire Project as it is described in the Existing Entitlement Approvals. Nothing in this Agreement shall require or be construed to require CEQA review of ministerial approvals. It is agreed that, in acting on any discretionary Subsequent Entitlement Approvals for the Project, City shall rely on the EIR to satisfy the requirements of CEQA to the extent permissible by CEQA. In the event that any additional CEQA documentation is legally required for any discretionary Subsequent Entitlement Approval for the Project, then the scope of such documentation shall be focused, to the extent possible consistent with CEQA, on the specific subject matter of the Subsequent Entitlement Approval and City shall conduct such CEQA review as expeditiously as possible, at Developer's expense. Nothing herein shall restrict or limit the obligation of Developer to pay for and implement any additional mitigation measures or conditions of approval imposed as a result of such CEQA and any Subsequent Entitlement Approval process. Tustin - SchoolsFirst - Development 21 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union 3.13. Fees. 3.13. 1. Processing Fees and Charges. (a) The City shall have the right to charge and Developer shall be required to pay all City Processing Fees which shall, except as otherwise specifically set forth in Section 3.13.1(b), be paid at the generally applicable rates in effect at the time such City Processing Fees are due. (b) With respect to Plan Check and Inspection Services only, the City shall be entitled to charge and Developer shall reimburse the City for its costs to make available City staff, including the City Attorney, and third party engineers and consultants, if any, as required to complete, process, and review plans and applications, complete plan check, perform inspections, and monitor Developer compliance with the requirements of this Agreement and the Applicable Rules. Not later than ten (10) Business Days following approval by the City of this Agreement, and as a condition to the effectiveness of this Agreement, Developer shall deliver to the City in cash or cash equivalent funds, a deposit in an amount reasonably requested by City which shall be based on the City's estimate of staff and third party consultant time required to complete and perform plan check and inspections ("City Costs Deposit"). The City Costs Deposit shall be deposited by the City in an account in a bank or trust company selected by the City and with no requirement that such account be interest bearing. If any interest is paid on such account, such interest shall accrue to any balances in the account for the benefit of the City. If at any time prior to the latest to occur of (i) issuance of the final Certificate of Compliance for the Project; (ii) the issuance of the final certificate of occupancy for a building on the Property; or (c) termination of the DDA ( "Final Date"), the amount of funds in the City Costs Deposit account is depleted below Ten Thousand Dollars ($10,000), then Developer shall be required to pay to the City each time an additional Twenty Thousand Dollars ($20,000) or such other amount as the City may specify as required in City's estimation to cover the cost of Plan Check and Inspection Fees, which shall be credited to the City Costs Deposit. Each such payment shall be deposited by the City into the City Costs Deposit account and shall be applied to reduce the amount of Plan Check and Inspection Fees incurred by the City. The City Costs Deposit has been established to fund the Plan Check and Inspection Fees incurred by the City and may be used by the City for such purpose, and shall be depleted accordingly. Immediately upon incurring any Plan Check and Inspection Fees or costs or receipt of an invoice from third parties for same, the City shall have the right to deduct the amounts due it on account thereof from the City Costs Deposit. A monthly accounting of deductions documenting staff time spent to process and review plans and applications, complete plan check, perform inspections, and monitor Developer compliance, along with documentation evidencing any other deductions from the City Costs Deposit shall be provided by City to Developer. The City Costs Deposit shall be retained by the City until the Final Date specified above and the remaining amount of the City Costs Deposit then held by the City, if any, shall be promptly returned by the City to Developer thereafter, provided that the return of such funds shall not terminate the obligations of Developer to pay all City Processing Fees arising or incurred prior to the Final Date. Developer shall pay any outstanding amounts due with respect to the City Processing Fees to the City within thirty (30) calendar days following receipt of an invoice from the City therefor, provided that the City shall first apply the amount of the City Costs Deposit, if any, then held by it in satisfaction of such invoice, and shall reflect the amount of such credit on the invoice. Tustin - SchoolsFirst - Development 22 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union 3.13.2. Development Fees. City shall have the right to impose, and Developer shall pay, all development fees adopted by City at the time of issuance of building permits for the Project. 3.14. Dedications. Developer and City acknowledge and agree that there are no dedications by Developer to City and/or other public agencies required by this Agreement and the DDA. 3.15. Regulation by Other Public Agencies. It is acknowledged by the Parties that other public agencies not within the control of City possess authority to regulate aspects of the Project and development of the Property (and the remainder of the Campus) separately ftom or jointly with City and this Agreement does not limit the authority of such other public agencies. City agrees to cooperate fully, at no out of pocket cost to City, with Developer in obtaining any required permits or compliance with the regulations of other public agencies provided such cooperation is not in conflict with any laws, regulations or policies of City. 3.16. Lot Line Adjustment. Developer shall take all actions required to be taken by it, including assuring that the appropriate instruments and deeds are Recorded, to cause the lot line adjustment to the Property described in the DDA pursuant to Lot Line Adjustment (LLA) 2018- 00003 ("Lot Line Adjustment") to be completed at and as a condition to Close of Escrow. 3.17. Certain Restrictions on Building Permit Issuance. The Developer acknowledges and agrees that City will not issue a grading or building permit for the Project or any building comprising a portion of the Improvements, until such time as the Close of Escrow under the DDA has taken place, City has issued a certificate of compliance with respect to the Lot Line Adjustment and Developer has posted with the City all bonds and other guaranties of performance required by the City. Notwithstanding the foregoing, Developer will be allowed to apply for grading and/or building permits for work being performed solely on property owned by Developer prior to Close of Escrow under the DDA which shall be subject to consideration and approval by the City. 3.18. Ouimby Fees and Park Fees. City has determined that there are no fees required in connection with the Project pursuant to the Quimby Act, Government Code Section 66477, and Developer shall not have any additional liability on account thereof. 3.19. Compliance with Legal Requirements. Prior to the issuance of any certificate of occupancy for the Project or any portion thereof, Developer shall satisfy all applicable requirements of the Tustin City Code, Specific Plan, and conditions of approval of the Entitlement Approvals relating to or necessary for the issuance of the requested certificate of occupancy, including compliance with the Americans with Disabilities Act and necessary horizontal Improvements to support the improvements for which the certificate of occupancy is requested. 3.20. Required Completion of Horizontal Improvements. Prior to issuance of the first grading or building permit for the Project, Developer shall bond for all grading and horizontal (infrastructure) Improvements required by each of the DDA, this Agreement, the conditions of approval of the Entitlement Approvals and standard City requirements. Prior to the issuance of the certificate of occupancy for the first building on the Property (excluding parking structures) (a) Developer shall complete all horizontal Improvements other than the Reimbursable Improvements and the Landscape Improvements (as defined in the Landscape Installation and Tustin - SchoolsFirst - Development 23 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union Maintenance Agreement) and (b) shall bond for all Reimbursable Improvements and Landscape Improvements. 3.21. Required Landscaping and Irrigation Improvements. Developer shall complete all landscaping and irrigation improvements that have been assured through the provision of bonds, guarantees, cash collateral, or other instruments. Developer shall enter into a Landscape Installation and Maintenance Agreement with the City for the construction, maintenance, repair, and replacement of the Landscape Improvements described in the DDA and in such Landscape Installation and Maintenance Agreement including for the maintenance of parkway improvements within public rights-of-way on Newport Avenue and Del Amo Avenue adjacent to the Project. 4. ANNUAL REVIEW. 4.1. Timing and Annual Review. The City Council shall review Developer's performance under this Agreement at least every twelve (12) months from the Effective Date until expiration of the Agreement. In connection with such review, both City and Developer shall have a reasonable opportunity to assert matters which either believes have not been undertaken in accordance with this Agreement, to explain the basis for such assertion, and to receive from the other Party a justification of its position on such matters. 4.2. Review Procedure. City shall provide notice to Developer and deliver to Developer a copy of all public staff reports, documents and related exhibits concerning City's review of Developer's performance hereunder at least thirty (30) calendar days prior to any date proposed for City Council review of performance under the Agreement. 4.2.1. Good Faith Compliance. Developer shall demonstrate good faith compliance with the terms of this Agreement and shall furnish such evidence of good faith compliance, as City, in its reasonable exercise of its discretion, may require. Evidence of good faith compliance may include the following: (a) conformance with the DDA, including the Scope of Development and Schedule of Performance; (b) conformance with the requirements of the Specific Plan; and (c) conformance with provisions of this Agreement identified by City. 4.2.2. Response. Developer or its Successor In Interest shall have the opportunity to be heard and respond to City's evaluation of Developer's performance, either orally or in a written statement, at Developer's election. 4.2.3. Non -Compliance. If, as a result of its periodic review as described in Section 4.1, the City Council finds and determines, on the basis of substantial evidence, that the Developer has not complied in good faith with the terms or conditions of this Agreement, the City Council may commence proceedings to enforce, modify, or terminate this Agreement. 4.2.4. Referral. The City Council may refer the matter to the Planning Commission for further proceedings or for a report and recommendation. Tustin - SchoolsFirst - Development 24 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union 4.3. Modification or Termination. If the City Council determines to proceed with modification or termination of this Agreement, the City Council shall give notice to Developer or Successor In Interest thereto of its intention to do so. The Notice shall contain all information required by Tustin City Code Section 9618. At the time and place set for the hearing on modification or termination, the City Council may refer the matter back to the Planning Commission for further proceedings or for a report and recommendation. The City Council may take such action as it deems necessary to protect the interests of City, including the receipt of additional evidence as to Developer's compliance with the terms of this Agreement. The decision of the City Council shall be final, subject only to judicial review pursuant to California Code of Civil Procedure Section 1094.5(b). 4.4. Certificate of Agreement Compliance. If, at the conclusion of a periodic review, Developer is found to be in compliance with this Agreement, City shall, upon request of the Developer, issue a Certificate ("Certificate") to Developer stating that after the most recent periodic review and based upon the information known or made known to the City Council that: (a) this Agreement remains in effect, and (b) Developer is not in default. The Certificate shall be in recordable form, shall contain information necessary to communicate constructive record notice of the finding of compliance, and shall state the anticipated date of commencement of the next periodic review. Developer may record the Certificate with the Orange County Clerk Recorder. If City does not find Developer to be in compliance with this Agreement, it shall not be obligated to issue the Certificate. 5. DEFAULT. REMEDIES. AND TERMINATION. 5.1. Default Procedure. A non -defaulting Party ("Non -Defaulting Party") at its discretion may elect to declare a default under this Agreement in accordance with the procedures hereinafter set forth for any failure or breach of any other Party ("Defaulting Party") to perform any material duty or obligation of said Defaulting Party in accordance with the terms of this Agreement. However, the Non -Defaulting Party must provide written notice to the Defaulting Party setting forth the nature of the breach or failure and the actions, if any, required by the Defaulting Party to cure such breach or failure. The Defaulting Party shall be deemed to be in "default" of its obligations set forth in this Agreement if the Defaulting Party has failed to take action and cure the default within ten (10) calendar days after the date of delivery of such notice (for monetary defaults) or within thirty (30) calendar days after the date of delivery of such notice (for non -monetary defaults). If, however, a non -monetary default cannot be cured within such thirty (30) calendar day period, as long as the Defaulting Party does each of the following: (a) provides the Non -Defaulting Party in writing a reasonable explanation as to the reasons the asserted default is not curable within the thirty (30) calendar day period; (b) notifies the Non -Defaulting Party in writing of the Defaulting Party's proposed course of action to cure the default; (c) promptly commences to cure the default within the thirty (30) calendar day period; (d) makes periodic written reports to the Non -Defaulting Party as to the progress of the program of cure; and Tustin - SchoolsFirst - Development 25 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union (e) diligently prosecutes such cure to completion, then the Non -Defaulting Party shall grant in writing the Defaulting Party such additional time as determined by the Non - Defaulting Party as reasonably necessary to cure such default. 5.2. City's Remedies. In the event of an uncured default by Developer under this Agreement, the City, at its option, may institute legal action to cure, correct or remedy such default, enjoin any threatened or attempted violation, enforce the terms of this Agreement by specific performance, or pursue any other legal or equitable remedy. Furthermore, City, in addition to or as an alternative to exercising the remedies in this Section 5.2, in the event of a material default by Developer, may give notice of its intent to terminate or modify this Agreement pursuant to Section 4.3, in which event the matter shall be scheduled for consideration and review by the City Council in the manner set forth in Tustin City Code Section 9618. The decision of the City Council shall be final, subject only to judicial review pursuant to California Code of Civil Procedure Section 1094.5(b). 5.3. Developer's Remedies. Developer acknowledges that the City would not have entered into this Agreement if the City could be held liable for Damages for any default or breach arising out of this Agreement and that Developer has adequate remedies other than Damages to secure the City's compliance with its obligations under this Agreement. In the event of an uncured default of City under this Agreement, Developer shall be entitled to any or all of the following remedies: (a) seeking mandamus or special writs, injunctive relief, or specific performance of this Agreement; (b) in the event of a material default by the City, modification or termination of this Agreement; or (c) seeking any other remedy available at law or in equity, provided, however, except as provided in Section 8.10, the Developer agrees and covenants on behalf of itself, its Successors In Interest and their respective successors and assigns, (a) not to sue City for Damages for any breach of this Agreement or arising out of or connected with any dispute, controversy or issue regarding the application or effect of this Agreement or for Damages arising out of or connected with any dispute, controversy, or issues regarding the application or effect of this Agreement, the DDA, the Applicable Rules, any Development Permits with respect to the Project or the Property, or any portion thereof, or any entitlement approvals sought in connection with development or use of the remaining portions of the Campus or the Campus Improvements or any portion thereof and (b) that the City, its elected and appointed officials, employees and agents shall not be liable for any Damages. The term "Damages" means monetary relief of any kind, including general, special, compensatory, expectation, anticipation, indirect, consequential, exemplary, or punitive damages. 5.4. Third Party Legal Challenges. In the event of any legal action instituted by a third party challenging the validity or enforceability of any provision of this Agreement, the Applicable Rules or the DDA with respect to the Project, the Property, the Campus, the Maximum Campus Square Footage or the approval of any CEQA document prepared in connection with any of the foregoing, Developer agrees, at its sole cost and expense, to defend (with counsel reasonably acceptable to City), indemnify, and hold harmless City, its elected and appointed officials, employees, agents, and consultants, from any claim, action, or proceeding against City, its elected and appointed officials, agents, and employees, which seeks to attack, set aside, challenge, void, or annul an approval of the City Council, the Planning Commission, or any other decision-making body, including staff, concerning the Project. City agrees to promptly notify Developer of any such claim or action filed against City and to cooperate in the defense of any such action. Tustin - SchoolsFirst - Development 26 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union Developer shall also indemnify and hold harmless City and its agents, officials and employees from and against all claims, losses, or liabilities assessed or awarded against City by way of judgment, settlement, or stipulation. City at its own cost may elect to participate in the defense of any such action under this condition. 6. INDEMNITY BY DEVELOPER. Developer agrees to indemnify, defend, and hold harmless City, City's designees, and their respective elected and appointed officials, hoards, commissions, agents, contractors, and employees from and against any and all actions, suits, claims, liabilities, losses, damages, penalties, obligations and expenses (including attorney's fees and costs) which may arise, directly or indirectly, from the acts, omissions, or, operations of Developer or Developer's agents, contractors, subcontractors, agents, or employees pursuant to this Agreement, but excluding any loss resulting from the intentional or active negligence of City, City's designee, or each of their respective elected and appointed officials, boards, commissions, officers, agents, contractors, and employees. Developer shall select and retain counsel reasonably acceptable to City to defend any action or actions and Developer shall pay the cost thereof. The indemnity provisions set forth in this Agreement shall survive termination of the Agreement. 7. MORTGAGEE PROTECTION. The Parties hereto agree that this Agreement shall not prevent or limit Developer, in any manner, from encumbering the Campus or any portion thereof or any improvement thereon by any Mortgage securing financing with respect to the Project or the Campus Improvements; provided that nothing herein shall modify or amend the restrictions set forth in the DDA with respect to Mortgages. Any Mortgagee holding a Mortgage that is not prohibited by the DDA shall be entitled to the following rights and privileges: (a) This Agreement shall be superior and senior to any lien placed upon the Campus or any portion thereof after the date of recording of this Agreement, including the lien of any Mortgage. Notwithstanding the foregoing, neither entering into this Agreement nor a breach of this Agreement shall defeat, render invalid, diminish or impair the lien of any Mortgage on the Campus made in good faith and for value, unless otherwise required by law, and any acquisition or acceptance of title or any right or interest in or with respect to the Campus or any portion thereof by a Mortgagee (whether pursuant to foreclosure, trustee's sale, deed in lieu of foreclosure, lease termination or otherwise) shall be subject to the terms and conditions of this Agreement and any such Mortgagee who takes title to the Campus or any portion thereof shall be entitled to benefits arising under this Agreement. (b) Each Mortgagee of any Mortgage encumbering the Campus, or any part thereof, and which is not securing the interest of a lessee shall upon written request in writing to City, be entitled to receive written notice from City of results of the Annual Review and of any default by Developer in the performance of Developer's obligations under this Agreement concurrently with delivery of same to Developer and shall have the right, but not the obligation, to cure the default during the remaining cure period allowed such Party under this Agreement (including any extended cure period necessary in order to allow the Mortgagee to obtain title to the Campus and cure the default). Notwithstanding the foregoing, the failure of City to deliver a concurrent copy of such notice of default to a Mortgagee shall not affect in any way the validity Tustin - SchoolsFirst - Development 27 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union of the notice of default as it relates to the Developer, and provided, further, the giving of any notice of default or the failure to deliver a copy to any Permitted Mortgagee shall in no event create any liability on the part of the Person so declaring a default. (c) Any Mortgagee who comes into possession of the Campus, or any part thereof, pursuant to foreclosure of the Mortgage or deed in lieu of such foreclosure, shall take the Campus, or part thereof, subject to the terms of this Agreement. Notwithstanding any other provision of this Agreement to the contrary, no Mortgagee shall have an obligation or duty under this Agreement to perform any of Developer's obligations or other affirmative covenants of Developer hereunder, or to guarantee such performance; except that (i) the Mortgagee shall have no right to develop the Project or the Property without fully complying with the terms of this Agreement, the DDA, the Applicable Rules, (ii) the Mortgagee shall have no right to develop the remainder of the Campus (i.e., other than the Property) or Campus Improvements other than the Project without fully complying with the terms of the Specific Plan, the then -existing laws and Land Use Regulations, and (iii) to the extent that any covenant to be performed by Developer is a condition precedent to the performance of a covenant by City, the performance thereof shall continue to be a condition precedent to City's performance hereunder. Notwithstanding anything to the contrary contained above in this Section, any Mortgagee shall be subject to all of the terms of the DDA, to the extent applicable pursuant to the DDA to such Mortgagee. MISCELLANEOUS PROVISIONS. 8.1. Recordation of Agreement. This Agreement and any amendment or cancellation thereof shall be recorded with the Orange County Clerk Recorder ("Recorded") by the City Clerk within ten (10) calendar days after City executes this Agreement, as required by Government Code Section 65868.5. If City and Developer amend or cancel this Agreement as provided for herein and in Government Code Section 65868, or if City terminates or modifies this Agreement as provided for herein and in Government Code Section 65865.1 for failure of Developer to comply in good faith with the terms or conditions of this Agreement, the City Clerk shall have notice of such action recorded with the Orange County Clerk Recorder. 8.2. Entire Agreement. This Agreement and the DDA set forth and contains the entire understanding and agreement of the Parties with respect to the matters set forth herein, and there are no oral or written representations, understandings or ancillary covenants, undertakings or agreements which are not contained or expressly referred to herein. No testimony or evidence of any such representations, understandings or covenants shall be admissible in any proceeding of any kind or nature to interpret or determine the terms or conditions of this Agreement. 8.3. Severability. If any term, provision, covenant or condition of this Agreement shall be determined invalid, void or unenforceable, the remainder of this Agreement shall not be affected thereby to the extent such remaining provisions are not rendered impractical to perform taking into consideration the purposes of this Agreement. 8.4. Interpretation and Governing Law. This Agreement and any dispute arising hereunder shall be governed and interpreted in accordance with the internal laws of the State without reference to choice of law or conflicts of law provisions. This Agreement shall be Tustin - SchoolsFirst - Development 28 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union construed as a whole according to its fair language and common meaning to achieve the objectives and purposes of the Parties hereto, and the rule of construction to the effect that ambiguities are to be resolved against the drafting Party shall not be employed in interpreting this Agreement, all Parties having been represented by counsel in the negotiation and preparation hereof. The decision of the City Council shall be final, subject only to judicial review pursuant to California Code of Civil Procedure Section 1094.5(b). 8.5. Intentionally Omitted. 8.6. Construction. 8.6.1. Section Headings. All Section headings and subheadings are inserted for convenience only and shall not affect any construction or interpretation of this Agreement. 8.6.2. References to Sections, Clauses and Exhibits. Unless otherwise indicated, references in this Agreement to articles, recitals, paragraphs, sections, clauses and exhibits are to the same contained in or attached to this Agreement and all exhibits referenced in this Agreement are incorporated in this Agreement by this reference as though fully set forth in this Section. 8.6.3. Singular and Plural. As used herein, the singular of any word includes the plural and vice versa. 8.6.4. Includes and Including. As used in this Agreement the words "include" and "including" mean, respectively, "include, without limitation" and "including, without limitation". 8.6.5. Recitals Incorporated by Reference. The provisions of the Recitals above are incorporated in this Agreement by this reference as though fully set forth in this Section. 8.7. Time of Essence. Subject to the following sentence, time is of the essence in the performance of each provision of this Agreement. Whenever action must be taken (including the giving of notice or the delivery of documents) under this Agreement during a certain period of time or by a particular date that ends or occurs on a non -Business Day, then such period or date shall be extended until the immediately following Business Day. 8.8. Waiver. Failure by a Party to insist upon the strict performance of any of the provisions of this Agreement by the other Party, or the failure by a Party to exercise its rights upon the default of the other Party, shall not constitute a waiver of such Party's right to insist and demand strict compliance by the other Party with the terms of this Agreement thereafter. 8.9. No Third Party Beneficiaries. This Agreement is made and entered into for the sole protection and benefit of the Parties and their successors and assigns. No other person shall have any right of action based upon any provision of this Agreement. 8.10. Attorneys' Fees. If any Party to this Agreement institutes any action, suit, counterclaim or other proceeding for any relief against another Party, declaratory or otherwise (collectively an "Action"), to enforce the terms hereof or to declare rights hereunder or with respect to any inaccuracies or material omissions in connection with any of the covenants, representations, warranties or obligations on the part of the other Party to this Agreement, then the Tustin - SchoolsFirst - Development 29 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union Prevailing Party in such Action shall be entitled to have and recover of and from the other Party all costs and expenses of the Action, including (a) the Prevailing Party's reasonable attorneys' fees which shall be payable at the actual contractual hourly rate for City's litigation counsel at the time the fees were incurred, but in no event less than $200 per hour and (b) costs actually incurred in bringing and prosecuting such Action and/or enforcing any judgment, order, ruling or award (collectively, a "Decision") granted therein, all of which shall be deemed to have accrued on the commencement of such Action and shall be paid whether or not such Action is prosecuted to a Decision. Any Decision entered in any final judgment shall contain a specific provision providing for the recovery of all costs and expenses of suit, including reasonable attorneys' fees and expert fees and -costs (collectively "Costs") incurred in enforcing, perfecting and executing such judgment. For the purposes of this Section, Costs shall include in addition to Costs incurred in prosecution or defense of the underlying action, reasonable attorneys' fees, costs, expenses and expert fees and costs incurred in the following: (a) post judgment motions and collection actions; (b) contempt proceedings; (c) garnishment, levy, debtor and third party examinations; (d) discovery; (e) bankruptcy litigation; and (f) appeals of any order or judgment. "Prevailing Party" within the meaning of this Section 8.10 includes a Party who agrees to dismiss an Action in consideration for the other Party's payment of the amounts allegedly due or performance of the covenants allegedly breached or obtains substantially the relief sought by such Party. 8.11. Force Majeure. 8.11.1. "Force Majeure Delay" shall have the meaning set forth in the DDA, is limited to the matters listed in the DDA and specifically excludes the matters excluded from the definition of Force Majeure Delay in the DDA. 8.11.2. If any Party ("Claiming Party") believes that an extension of time is due to Force Majeure Delay, it shall notify the other Party ("Second Party") in accordance to the terms and conditions of the DDA. 8.11.3. Time periods for performance of any obligations under this Agreement may be extended for Force Majeure Delay, except that in no event shall the Term of this Agreement be extended by an event of Force Majeure Delay beyond the time period set forth in Section 2.3. 8.12. Successors In Interest. The burdens of this Agreement shall be binding upon, and the benefits of this Agreement shall inure to, all Successors In Interest of Developer and all successors and assigns of the City. All provisions of this Agreement shall be enforceable as equitable servitudes and constitute covenants running with the land. Each covenant to do or refrain from doing some act hereunder with regard to development of the Campus or any portion thereof (a) is for the benefit of and is a burden upon every portion of the Campus; (b) runs with the Campus and each portion thereof, and (c) is binding upon each Party and each Successor In Interest during ownership of the Campus or any portion thereof. 8.13. Counterparts. This Agreement may be executed by the Parties in counterparts, which counterparts shall be construed together and have the same effect as if all of the Parties had executed the same instrument. 8.14. Jurisdiction and Venue. Any action at law or in equity arising under this Agreement or brought by a Party hereto for the purpose of enforcing, construing or determining the validity Tustin - SchoolsFirst - Development 30 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union of any provision of this Agreement shall be filed and tried in the Superior Court of the County of Orange, State of California, or the United States District Court for the Central District of California, Santa Ana Division, and the Parties hereto waive all provisions of law providing for the filing, removal or change of venue to any other court. 8.15. Project as a Private Undertaking. It is specifically understood and agreed by and between the Parties hereto that the development of the Project is a private development, that neither Party is acting as the agent of the other in any respect hereunder, and that each Party is an independent contracting entity with respect to the terms, covenants and conditions contained in this Agreement. No partnership, joint venture or other association of any kind is formed by this Agreement. The only relationship between City and Developer with respect to this Agreement is that of a government entity regulating the development of private property and the developer of such property. 8.16. Further Actions and Instruments. Each of the Parties shall cooperate with and provide reasonable assistance to the other to the extent contemplated hereunder in the performance of all obligations under this Agreement and the satisfaction of the conditions of this Agreement. Upon the request of either Party at any time, the other Party shall promptly execute, with acknowledgment or affidavit if reasonably required, and file or record such required instruments and writings and take any actions as may be reasonably necessary under the terms of this Agreement to carry out the intent and to fulfill the provisions of this Agreement or to evidence or consummate the transactions contemplated by this Agreement. 8.17. Estoppel Certificate. Any Party hereunder, may at any time, deliver a written notice to the other Party requesting such first Party to certify in writing that, to the best knowledge of the certifying Party: (a) this Agreement is in full force and effect and a binding obligation of the Party; (b) this Agreement has not been amended or modified either orally or in writing, or if so amended, identifying the date and nature of the amendments to this Agreement, and, in each case, that the Agreement remains in full force and effect (including as amended or modified if applicable), and a continuing binding obligation of the Party; and (c) the requesting Party is not in default in performance of its obligations set forth in the Agreement, or if the Party is in default, provide a description of the nature of such default(s). A Party receiving a request hereunder shall execute and return such certificate within thirty (30) calendar days following receipt thereof. The party to whom such certificate is addressed, including any third party or Mortgagee, shall be entitled to rely on the certificate. Developer shall pay to City all costs incurred by City in connection with the issuance of estoppel certificates. 8.18. Authority to Execute. The person or persons executing this Agreement on behalf of each Party warrants and represents that he or she/they have the authority to execute this Agreement on behalf of such Party and warrants and represents that he or she/they has/have the authority to bind such Party to the performance of its obligations hereunder. (Signatures on following page) Tustin - SchoolsFirst - Development 31 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union IN WITNESS WHEREOF, the Parties hereto have executed this Agreement on the day and year set forth below. CITY OF TUSTIN: Dated: By: ATTEST: By: Erica N. Yasuda City Clerk APPROVED AS TO FORM By: David E. Kendig City Attorney Armbruster Goldsmith & Delvac LLP Special Real Estate Counsel to the City LI -M Amy E. Freilich Matthew S. West City Manager SCHOOLSFIRST FEDERAL CREDIT UNION, a federally chartered credit union By: Name: Bill Cheney Title: President and Chief Executive Officer By: Name: Francisco Nebot Title: Chief Financial Officer Tustin - SchoolsFirst - Development S-1 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union CALIFORNIA ALL PURPOSE ACKNOWLEDGEMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of On Date personally appeared before me, (Insert Name and Title of the Officer) Name(s) of Signer(s) who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Place Notary Seal and/or Stamp above Signature: Signature of Notary Public Tustin - SchoolsFirst - Development S-2 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union CALIFORNIA ALL PURPOSE ACKNOWLEDGEMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of On Date personally appeared before me, , (Insert Name and Title of the Officer) Name(s) of Signer(s) who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Place Notary Seal and/or Stamp above Signature: Signature of Notary Public Tustin - SchoolsFirst - Development S-2 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union CALIFORNIA ALL PURPOSE ACKNOWLEDGEMENT A notary public or other officer completing this certificate verifies only the identity of the individual who signed the document to which this certificate is attached, and not the truthfulness, accuracy, or validity of that document. State of California County of On Date personally appeared before me, (Insert Name and Title of the Officer) Name(s) of Signer(s) who proved to me on the basis of satisfactory evidence to be the person(s) whose name(s) is/are subscribed to the within instrument and acknowledged to me that he/she/they executed the same in his/her/their authorized capacity(ies), and that by his/her/their signature(s) on the instrument the person(s), or the entity upon behalf of which the person(s) acted, executed the instrument. I certify under PENALTY OF PERJURY under the laws of the State of California that the foregoing paragraph is true and correct. WITNESS my hand and official seal. Place Notary Seal and/or Stamp above Signature: Signature of Notary Public Tustin - SchoolsFirst - Development S-2 City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Federal Credit Union EXHIBIT A-1 TO DEVELOPMENT AGREEMENT Legal Description and Depiction of the City Property (comprising portion of Campus owned by City as of the Effective Date) (attached) Tustin - SchoolsFirst - Development Exhibit A-1 to City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Development Agreement Federal Credit Union EXHIBIT A-1 TO DEVELOPMENT AGREEMENT CITY PARCEL. BEING ALL OF PARCEL 6, OF PARCEL MAP NO. 2010-127, IN THE CITY OF TUSTIN, COUNTY OF ORANGE, STATE OF CALIFORNIA, AS SHOWN ON THE MAP FILED IN BOOK 371, PAGES 25 THROUGH 29 INCLUSIVE, OF PARCEL MAPS, RECORDS OF THE COUNTY RECORDER OF SAID COUNTY, TOGETHER WITH A PORTION OF THE "OL0" DEL AMO AVENUE EASEMENT ABANDONED AND VACATED BY THE CITY OF TUSTIN PER RESOLUTION NO, 17-20, 'RECORDED DECEMBER 11, 2017 AS INSTRUMENT NO, 2017000530760, OF OFFICIAL RECORDS, ALL MORE PARTICULARLY DESCRIBED AS FOLLOWS; - BEGINNING AT THE NORTHWESTERLY CORNER OF SAID PARCEL 5, SAID POINT ALSO BEING ON THE EASTERLY LINE OF NEWPORT AVENUE AND THE SOUTHERLY LINE OF DEL AMO AVENUE AS SHOWN ON SAID PARCEL MAP; THENCE ALONG THE NORTHERLY LINE OF SAID PARCEL 6, NORTH 52725'08" EAST 36.61 FEET TO THE BEGINNING OF A NON-TANGNE.T CURVE CONCAVE NORTHERLY HAVING A RADIUS OF 520,72 FEET, A RADIAL LINE TO SAID PRINT BEARS SOUTH 06°4740" WEST; THENCE EASTERLY ALONG SAID CURVE AN ARC DISTANCE OF 318,85 FEET THROUGH A CENTRAL AN OF 29°25'55" TO THE BEGINNING OF A NON -TANGENT CURVE CONCAVE NORTHERLY HAVING A RADIUS OF 542.42 FEET, A RADIAL UNE TO SAID POINT SOUTH 21°28'27" EAST; THENCE EASTERLY ALONG SAID CURVE AN ARC DISTANCE OF 10.32 FEET THROUGH A CENTRAL ANGLE OF 01005'26' TO A POINT ON THE CENTERLINE OF SAID "OLD: DEL AMO AVENUE, A RADIAL LINE TO SAID POINT BEARS SOUTH 22°3353" EAST; THENCE WESTERLY ALONG SAID CENTERLINE, SOUTH 39049'09" WEST 759,72 FEEL' TO A POINT ON A :NON --TANGENT CURVE CONCAVE WESTERLY HAVING A RADIUS OF 1512.30 FEET, SAID CURVE BRING SAID EASTERLY LINE OF NEWPORT AVENUE, A RADIAL LINE TO SAID POINT BEARS SOUTH 66°00`5'1' EAST; THENCE NORTHERLY ALONG SAID CURVE AN ARC DISTANCE OF 374.22 FEET THROUGH A CENTRAL ANGLE OF 14°10'41 THENCE NORTH 09°4822" EAST 159.02 FEET TO THE POINT OF BEGINNING. CONTAINS; 77,117 FT. - 1,770 ACRES ALDEN & CIVIL LNGINEERS • LAND SURVEYORS -PLANNERS S SO CIATE S 2152 WRITE ROAD, SUITE B • IRVINA, CA, 92614.6236 (999)660-D 110 FAX: 60-0418 SHEET 1 OF 2 Agreement - 5-14-19 FINAL Development Agreement Federal Credit Union -I- EXHIBIT A-1 TO 150 75 0 150 SCALE 'IN FEET -1 INCH = 150 FEET POINT OF BEGINNING t kov -4 c,. ,-� -,' p , VACA75D oLD t)8L AM CURVE TABLE CURVE RELTA RADIUS LENGTH 01 29025'55" 620,72" 318,85' C2 01"05'25" 542.42' 10.32' C3 14°10'41 1512.30' 1 374.22' LINE TABLE LINE BEARING DISTANCE Li L2 N 52°25'08" E N 109'48'22" E 36.81' 159,02' M CITY PARCEL 77,11'7 SQ, FT. 1.770 ACRES A V,ENJ5 410 N 39°49'09 E 759,72' uA Ile /r 01 Int$ A. T. & S. F. RAILROAD I I I V ALDEN & CIVIIL ENGINEERS - LAND SURVEYORS . PLANNERS SSOCTATE5 4112 WWM ROAD, SUITE B+IRV1NE,CA 92614.6236 (949) 6600110 FAX 660-0418 SHEET 2 OF 2 Tustin - SchoolsFirst - Development Exhibit A-1 to City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Development Agreement Federal Credit Union -2- EXHIBIT A-2 TO DEVELOPMENT AGREEMENT Legal Description and Depiction of SchoolsFirst Parcels (comprising portions of Campus owned by Developer as of the Effective Date) (attached) Tustin - SchoolsFirst - Development Exhibit A-2 to City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Development Agreement Federal Credit Union EXHIBIT A-2 TO DEVELOPMENT AGREEMENT BEING ALL OF PARCELS 1 AND 2 OF LOT LINE ADJUSTMENT NO, 2013-03, IN THE CITY OF TUSTIN, COUNTY OF ORANGE, STATE OF CALIFORNIA, AS DESCRIBED AND SHOWN ON THE DOCUMENT RECORDED JULY 31, 2014 AS INSTRUMENT NO. 2014000307038, OF OFFICIAL RECORDS. TOGETHER WITH ALL OF PARCELS 3 AND 4 OF LOT LINE ADJUSTMENT NO. 90-03, IN THE CITY OF TUSTIN, COUNTY OF ORANGE, STATE OF CALIFORNIA, AS DESCRIBED AND SHOWN ON THE DOCUMENT RECORDED AUGUST 31, 1990 AS INSTRUMENT NO. 90-466900, OF OFFICIAL RECORDS. TOGETHER WITH A PORTION OF "OLD DEL AMO AVENUE" RIGHT OF WAY EASEMENT AS ABANDONED AND VACATED BY THE CITY OF TUSTIN PER RESOLUTION NO, 17-20, RECORDED DECEMBER 11, 2017 AS INSTRUMENT NO. 2017000530760, OF OFFICIAL RECORDS. CONTAINS: 752,946 SO. FT. -- 17.285 ACRES MORE OR LESS VWDEN & SOCIATES CIVIL ENGINEERS - LAND SURVEYORS - PLANNERS 2552 WHITE ROAD, SUITE B • IRVINE, CA 92614-6236 (949) 660-0110 FAX: 660-0418 SHEET 1 OF 2 Tustin - SchoolsFirst - Development Exhibit A-2 to City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Development Agreement Federal Credit Union -1- EXHIBIT A-2 TO DEVELOPMENT AGREEMENT PARCEL 4lift u� W dQ', � � a z 1 cl)9 z C) w zzco oO :3 Z 0 ° z_ PARCEL 8 i I PARCEL 2 i a ,- o W I00) 4 -3:M - -N m ZZt7N O o Z z PARCEL 1 1 VALENCIA AVENUE ALDEN & CIVM ENGINEERS - LAND SURVEYORS - PLANNERS SOCIATES 2552 WHITE ROAD, SUITEB•1RVM,CA 926I4-6236 (949) 660-0110 FAX: 660.0418 SHEET 2 OF 2 Tustin - SchoolsFirst - Development Exhibit A-2 to City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Development Agreement Federal Credit Union -2- EXHIBIT A-3 TO DEVELOPMENT AGREEMENT Legal Description and Depiction of the Property (comprising the Development Parcels (as defined in the DDA)) (attached) Tustin - SchoolsFirst - Development Exhibit A-3 to City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Development Agreement Federal Credit Union EXHIBIT A-3 TO DEVELOPMENT AGREEMENT HEADQUARTERS PARCEL; BEING ALL OF PARCEL 6, OF PARCEL MAP NO. 2010-127, IN THE CITY OF TUSTIN, COUNTY OF ORANGE, STATE OF CALIFORNIA, AS SHOWN ON THE MAP FILED IN BOOK 371, PAGES 25 THROUGH 29 INCLUSIVE, OF PARCEL MAPS, RECORDS OF THE COUNTY RECORDER OF SAID COUNTY, TOGETHER WITH PORTIONS OF PARCELS 1 AND 2 OF LOT LINE ADJUSTMENT NO. 2013-03, IN THE CITY OF TUSTIN, COUNTY OF ORANGE, STATE OF CALIFORNIA, AS DESCRIBED AND SHOWN ON THE DOCUMENT RECORDED JULY 31, 2014 AS INSTRUMENT NO. 2014000307038, OF OFFICIAL RECORDS. TOGETHER WITH A PORTION OF PARCEL 3 OF LOT LINE ADJUSTMENT NO. 90-03, IN THE CITY OF TUSTIN, COUNTY OF ORANGE, STATE OF CALIFORNIA, AS DESCRIBED AND SHOWN ON THE DOCUMENT RECORDED AUGUST 31, 1990 AS INSTRUMENT NO. 90-466900, OF OFFICIAL RECORDS, TOGETHER WITH A PORTION OF THE "OLD" DEL AMO AVENUE EASEMENT ABANDONED AND VACATED BY THE CITY OF TUSTIN PER RESOLUTION NO. 17-20, RECORDED DECEMBER 11, 2017 AS INSTRUMENT NO. 2017000530760, OF OFFICIAL RECORDS, ALL MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTHWESTERLY CORNER OF SAID PARCEL 6, SAID POINT ALSO BEING ON THE EASTERLY LINE OF NEWPORT AVENUE AND THE SOUTHERLY LINE OF DEL AMO AVENUE AS SHOWN ON SAID PARCEL MAP; THENCE ALONG THE NORTHERLY LINE OF SAID PARCEL 6, NORTH 52°25'08" EAST 36.61 FEET TO THE BEGINNING OF A NON-TANGNET CURVE CONCAVE NORTHERLY HAVING A RADIUS OF 620.72 FEET, A RADIAL LINE TO SAID POINT BEARS SOUTH 06047'40" WEST; THENCE EASTERLY ALONG SAID CURVE AN ARC DISTANCE OF 318.85 FEET THROUGH A CENTRAL ANGLE OF 29025'55" TO THE BEGINNING OF A NON -TANGENT CURVE CONCAVE NORTHERLY HAVING A RADIUS OF 54242 FEET, A RADIAL LINE TO SAID POINT SOUTH 21"28'27' EAST; THENCE EASTERLY ALONG SAID CURVE AN ARC DISTANCE OF 32.52 FEET THROUGH A CENTRAL ANGLE OF 03°26'07'; THENCE SOUTH 24°54'35" EAST 46,55 FEET; THENCE SOUTH 50011'11" EAST 84.43 FEET; THENCE SOUTH 39048'49" WEST 156.13 FEET; THENCE SOUTH 50°11'11" EAST 10.67 FEET; THENCE SOUTH 39048'49" WEST 321.58 FEET; THENCE NORTH 50011'11" WEST 10.67 FEET; THENCE SOUTH 39°4849" WEST 260.36 FEET; THENCE NORTH 65029'30" WEST 137,29 FEET TO A POINT ON A NON -TANGENT CURVE CONCAVE WESTERLY HAVING A RADIUS OF 1512.30 FEET, SAID CURVE BEING SAID EASTERLY LINE OF NEWPORT AVENUE, A RADIAL LINE TO SAID POINT BEARS SOUTH 65°26'31" EAST; THENCE NORTHERLY ALONG SAID CURVE AN ARC DISTANCE OF 389.38 FEET THROUGH A CENTRAL ANGLE OF 14°45'07'; THENCE NORTH 09048'22" EAST 159.02 FEET TO THE POINT OF BEGINNING. CONTAINS: 184,283 SQ. FT. - 4,230 ACRES PARKING PARCEL: BEING A PORTION OF PARCEL 2 OF LOT LINE ADJUSTMENT NO. 2013-03, IN THE CITY OF TUSTIN, COUNTY OF ORANGE, STATE OF CALIFORNIA, AS DESCRIBED AND SHOWN ON THE DOCUMENT RECORDED JULY 31, 2014 AS INSTRUMENT NO. 2014000307038, OF OFFICIAL RECORDS, MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING A POINT ON THE EASTERLY LINE OF SAID PARCEL 2, SAID POINT BEING NORTH 3904849" EAST 25.74 FEET FROM THE SOUTHEASTERLY CORNER OF SAID PARCEL 2; THENCE NORTH 50011'11" WEST 250.67 FEET; THENCE NORTH 39°48'49" EAST 52.21 FEET; THENCE SOUTH 50°11'11" EAST 10.67 FEET; THENCE NORTH 39048'49" EAST 321.58 FEET; THENCE NORTH 50011'11" WEST 10.67 FEET; THENCE NORTH 39°48'49" EAST 52.21 FEET, THENCE SOUTH 50°11'11" EAST 250.67 FEET TO A POINT ON SAID EASTERLY LINE OF SAID PARCEL 2; THENCE SOUTHERLY ALONG SAID EASTERLY LINE, SOUTH 39048'49" WEST 426.00 FEET TO THE POINT OF BEGINNING. CONTAINS: 103,365 SQ. FT. - 2.373 ACRES VWDEN & SOCIATES C1VII., ENGINEERS LAND SURVEYORS - PLANNM 2552 WRITE ROAD, SUITE B •IRVINE, CA 92614-6236 (949) 660-0110 FAX: 660.0418 SHEET 1 OF 2 Agreement - 5-14-19 FINAL Development Agreement Federal Credit Union -I- EXHIBIT A-3 TO DEVELOPMENT AGREEMENT CURVE TABLE CURVE DELTA RADIUS LENGTH C1 14°45'07' 1512.30' 389.37' C2 29025'55" 620.72' 318.85' C3 03°26'07' 542.42' 32.52' Y" 150 75 0 150 SCALE IN FEET 1 INCH = 150 FEET `L E 'S,0 h� 1� 10 Npo!�' PARG-5L rpt, 1., _ AGAT8D) OLD Ute! _AM0 A,NU�_ _ f% HEADQUARTERS PA EL r I. 4.230 ACRES f I I 15' t'� ., r L7 103.92'1 fV S r, y IO `oPARKING PARCEL o fir, I 15 103,356 SQ. FT. 2.373 ACRES j x 65 -� L11 -• A. T. & S. F. RAILROAD ALDEN & CIVIL ENGINEERS - LAND SURVEYORS - PLANNERS ASSOCIATES 2552 WRITE ROAD, SUITE I3 -IRVINE, CA 92614-6236 (949) 660-0110 FAX: 660-0418 SHEET 2 OF 2 Tustin- coos i st - eve Agreement - 5-1419 FINAL Development Agreement -2- Federal Credit Union LINE TABLE LINE BEARING DISTANCE L1 N 09°48'22" E 159.02' L2 N 52025'08" E 36.61' L3 N 24054'35" W 46.55' L4 N 50011'11" W 84.43' L5 N 39048'49" E 156.13' L6 N 50°11'11" W 10.67' L7 N 39048'49" E 321,58' L8 N 39.48'49" E 260.36' L9 N 65°29'30" W 137,29' L10 N 50°11'11" W 250.67' L11 N 3949'30" E 426.00' L12 N 80042'32" W 116.69' 10 Npo!�' PARG-5L rpt, 1., _ AGAT8D) OLD Ute! _AM0 A,NU�_ _ f% HEADQUARTERS PA EL r I. 4.230 ACRES f I I 15' t'� ., r L7 103.92'1 fV S r, y IO `oPARKING PARCEL o fir, I 15 103,356 SQ. FT. 2.373 ACRES j x 65 -� L11 -• A. T. & S. F. RAILROAD ALDEN & CIVIL ENGINEERS - LAND SURVEYORS - PLANNERS ASSOCIATES 2552 WRITE ROAD, SUITE I3 -IRVINE, CA 92614-6236 (949) 660-0110 FAX: 660-0418 SHEET 2 OF 2 Tustin- coos i st - eve Agreement - 5-1419 FINAL Development Agreement -2- Federal Credit Union EXHIBIT A-4 TO DEVELOPMENT AGREEMENT Legal Description and Depiction of the Campus (comprising the City Property and the SchoolsFirst Parcels) (attached) Tustin - SchoolsFirst - Development Exhibit A4 to City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Development Agreement Federal Credit Union EXHIBIT A-4 TO DEVELOPMENT AGREEMENT CITY PARCEL: BEING ALL OF PARCEL 6, OF PARCEL MAP NO. 2010-127, IN THE CITY OF TUSTIN, COUNTY OF ORANGE, STATE OF CALIFORNIA, AS SHOWN ON THE MAP FILED IN BOOK 371, PAGES 25 THROUGH 29 INCLUSIVE, OF PARCEL MAPS, RECORDS OF THE COUNTY RECORDER OF SAID COUNTY. TOGETHER WITH A PORTION OF THE "OLD" DEL AMO AVENUE EASEMENT ABANDONED AND VACATED BY THE CITY OF TUSTIN PER RESOLUTION NO. 17-20, RECORDED DECEMBER 11, 2017 AS INSTRUMENT NO. 2017000530760, OF OFFICIAL RECORDS, ALL MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTHWESTERLY CORNER OF SAID PARCEL 6, SAID POINT ALSO BEING ON THE EASTERLY LINE OF NEWPORT AVENUE AND THE SOUTHERLY LINE OF DEL AMO AVENUE AS SHOWN ON SAID PARCEL MAP; THENCE ALONG THE NORTHERLY LINE OF SAID PARCEL 6, NORTH 52°25'08" EAST 36.61 FEET TO THE BEGINNING OF A NON-TANGNET CURVE CONCAVE NORTHERLY HAVING A RADIUS OF 620.72 FEET, A RADIAL LINE TO SAID POINT BEARS SOUTH 06047'40" WEST; THENCE EASTERLY ALONG SAID CURVE AN ARC DISTANCE OF 318.85 FEET THROUGH A CENTRAL ANGLE OF 29°25'55" TO THE BEGINNING OF A NON -TANGENT CURVE CONCAVE NORTHERLY. HAVING A RADIUS OF 542.42 FEET, A RADIAL LINE TO SAID POINT SOUTH 21°2827" EAST; THENCE EASTERLY ALONG SAID CURVE AN ARC DISTANCE OF 10.32 FEET THROUGH A CENTRAL ANGLE OF 0100525" TO A POINT ON THE CENTERLINE OF SAID "OLD" DEL -AMO AVENUE, A RADIAL LINE TO SAID POINT BEARS SOUTH 22033'53" EAST; THENCE WESTERLY ALONG SAID CENTERLINE, SOUTH 3949'09" WEST 759.72 FEET TO A POINT ON 'A NON -TANGENT CURVE CONCAVE WESTERLY HAVING A RADIUS OF 1512.30 FEET, SAID CURVE BEING SAID EASTERLY LINE OF NEWPORT AVENUE, A RADIAL LINE TO SAID POINT BEARS SOUTH 66°00'5-/' EAST; THENCE NORTHERLY ALONG SAID CURVE AN ARC DISTANCE OF 374.22 FEET THROUGH A CENTRAL ANGLE OF 14010'41"; THENCE NORTH 09°48'22" EAST 159.02 FEET TO THE POINT OF BEGINNING. CONTAINS: 77,117 FT. - 1.770 ACRES SCHOOLSFIRST PARCEL: BEING PORTIONS OF PARCELS 1 AND 2 OF LOT LINE ADJUSTMENT NO. 2013-03, IN THE CITY OF TUSTIN, COUNTY OF ORANGE, STATE OF CALIFORNIA, AS DESCRIBED AND SHOWN ON THE DOCUMENT RECORDED JULY 31, 2014 AS INSTRUMENT N0, 2014000307038, OF OFFICIAL RECORDS. TOGETHER WITH A PORTION OF PARCEL 3 AND ALL OF PARCEL 4 OF LOT LINE ADJUSTMENT NO. 90-03, IN THE CITY OF TUSTIN, COUNTY OF ORANGE, STATE OF CALIFORNIA, AS DESCRIBED AND SHOWN ON THE DOCUMENT RECORDED AUGUST 31, 1990 AS INSTRUMENT NO. 90-466900, OF OFFICIAL RECORDS. TOGETHER WITH A PORTION OF THE "OLD" DEL AMO AVENUE EASEMENT ABANDONED AND VACATED BY THE CITY OF TUSTIN PER RESOLUTION NO. 17-20, RECORDED DECEMBER 11, 2017 AS INSTRUMENT NO. 2017000530760, OF OFFICIAL RECORDS, ALL MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE SOUTHEASTERLY CORNER OF SAID PARCEL 1, SAID POINT ALSO ON THE NORTHERLY UNE OF VALENCIA AVENUE AS SHOWN ON SAID PARCEL MAP; THENCE WESTERLY ALONG THE SOUTHERLY LINE OF SAID PARCEL 1, NORTH 50009'55" WEST 271.20 FEET; THENCE NORTH 06039'10" WEST 73.19 FEET TO THE BEGINNING OF A NON -TANGENT CURVE CONCAVE WESTERLY HAVING A RADIUS OF 1865.00 FEET, SAID CURVE ALSO BEING THE EASTERLY LINE OF *7SSOCIATE EN & CIVIENGINEERS - LAND SURVEYORS - PLANNERS S 2552 WHITE ROAD, SUITE B• IRVINE;, CA 92614-6236 (949) 660-0110 FAX 660-041.8 SHEET 1 OF 2 Tustin - SchoolsFirst - Development Exhibit A4 to City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Development Agreement Federal Credit Union -I- EXHIBIT A-4 TO DEVELOPMENT AGREEMENT NEWPORT AVENUE, AS SHOWN ON SAID PARCEL MAP, A RADIAL LINE TO SAID POINT BEARS SOUTH 52°52'56" EAST; THENCE NORTHERLY ALONG SAID CURVE AN ARC DISTANCE OF 247.03 FEET THROUGH A CENTRAL ANGLE OF 07°35'21", A RADIAL LINE TO SAID POINT BEARS SOUTH 60028'17" EAST; THENCE SOUTHERLY ALONG SAID EASTERLY LINE, SOUTH 39049'09" WEST 32.27 FEET TO THE BEGINNING OF A NON -TANGENT CURVE CONCAVE WESTERLY HAVING A RADIUS OF 1512.30 FEET, A RADIAL LINE TO SAID POINT BEARS SOUTH 60003'08" EAST; THENCE NORTHERLY ALONG SAID CURVE AN ARC DISTANCE OF 157.41 FEET THROUGH A CENTRAL ANGLE OF 05057'49", TO A POINT ON THE CENTERLINE OF SAID "OLD" DEL AMO AVENUE, A RADIAL LINE TO SAID POINT BEARS SOUTH 66000'57" EAST; THENCE EASTERLY ALONG SAID CENTERLINE, NORTH 39°49'09" EAST 759.72 FEET TO THE BEGINNING OF A NON -TANGENT CURVE CONCAVE NORTHERLY HAVING A RADIUS OF 542.42 FEET, A RADIAL LINE TO SAID POINT BEARS SOUTH 22033'53" EAST, SAID CURVE ALSO BEING THE SOUTHERLY LINE OF DEL AMO AVENUE, AS SHOWN ON SAID PARCEL MAP; THENCE NORTHERLY ALONG SAID CURVE AN ARC DISTANCE OF 172.93 FEET, THROUGH A CENTRAL ANGLE OF 18016'01", A RADIAL LINE TO SAID POINT BEARS SOUTH 40049'54" EAST; THENCE SOUTH 50°10'50" EAST 21.32 FEET; THENCE NORTH 39°4910" EAST 62.59 FEET; THENCE NORTH 02°13'01" WEST 25.25 FEET TO THE BEGINNING OF A NON -TANGENT CURVE CONCAVE WESTERLY HAVING A RADIUS OF 554.66 FEET, A RADIAL LINE TO SAID POINT BEARS SOUTH 44°13'37" EAST; THENCE EASTERLY ALONG SAID CURVE AN ARC DISTANCE OF 57.83 FEET THROUGH A CENTRAL ANGLE OF 05058'24"; THENCE NORTH 39049'09" EAST 621.47 FEET; THENCE NORTH 85°5347' EAST 37.56 FEET TO A POINT ON THE SOUTHERLY LINE OF EDINGER AVENUE, AS SHOWN ON SAID PARCEL MAP; THENCE EASTERLY ALONG SAID SOUTHERLY LINE, SOUTH 50010'50" EAST 50.00 FEET TO THE BEGINNING OF A TANGENT CURVE CONCAVE SOUTHERLY HAVING A RADIUS OF 41.00 FEET; THENCE EASTERLY ALONG SAID CURVE AN ARC DISTANCE OF 10.13 FEET THROUGH A CENTRAL ANGLE OF 14009'13";THENCE SOUTH 36001'37" EAST 36.66 FEET TO THE BEGINNING OF A TANGENT CURVE CONCAVE NORTHERLY HAVING A RADIUS OF 59.00 FEET; THENCE EASTERLY ALONG SAID CURVE AN ARC DISTANCE OF 14.57 FEET, THROUGH A CENTRAL ANGLE OF 14°09'13"; THENCE SOUTH 50010'50" EAST 60.00 FEET TO THE BEGINNING OF A TANGENT CURVE CONCAVE NORTHERLY HAVING A RADIUS OF 59.00 FEET; THENCE EASTERLY ALONG SAID CURVE AN ARC DISTANCE OF 14.57 FEET THROUGH A CENTRAL ANGLE OF 14009'13"; THENCE SOUTH 6920'30" EAST 36.64 FEET TO THE BEGINNING OF A TANGENT CURVE CONCAVE SOUTHERLY HAVING A RADIUS OF 41.00 FEET; THENCE EASTERLY ALONG SAID CURVE AN ARC DISTANCE OF 10.13 FEET THROUGH A CENTRAL ANGLE OF 14009'40"; THENCE SOUTH 50°10'50" EAST 81.95 FEET; THENCE SOUTH 39048'49" WEST 395.01 FEET; THENCE NORTH 50°10'50" WEST 14.00 FEET; THENCE SOUTH 39048'49" WEST 1731.49 FEET TO THE POINT OF BEGINNING. CONTAINS: 752,946 FT. - 17.285 ACRES PREPARED BY ME OR UNDER MY DIRECTION, l.7 --- or. WALDEN P.L.S. 7914 r:.` T� DATE ALDEN & CIVIL ENGINEERS - LAND SURVEYORS - PLANNERS S S O CIATE S 2112 WHITE ROAD, SUITE B • IRVINE, CA 92614-6236 `, (949) 660-0110 FAX: 660-0418 SHEET 2 OF 2 Tustin - SchoolsFirst - Development Exhibit A4 to City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Development Agreement Federal Credit Union -2- N 22°38' 15' W (RAD C3Z EXHIBIT A-4 TO DEVELOPMENT AGREEMENT / MATCH SHEET 2 v ®fir\10,6 \1�Lj� \ \J\ �d /&r�� �a -lip (AhlGV 1 W > I \ N CITY PARCEL 77,117 SQ. FT. POINT OF 1.770 ACRES r�� C BEGINNING jr.4 C) w CITY PARCEL` q o, SCHOOLSFIRST PARCEL ` I l M ( 752,946 SQ. FT. 17.285 ACRES U Z .�o M NOTE: SEE SHEET 3 FOR LINE & CURVE TABLES. N 6o03,0B' W 150 75 SCALE IN FEET 1 INCH = 150 FEET OWLDEN & SSOCIATES rf� J ? k A 0 3 N 52052'56„ W LRAD)_ L1 0 VALENCIA AVENUE CIVIL ENGINEERS - LAND SURVEYORS - PLANNERS 2552 WHITE ROAD, SUITE B • IRVINE, CA 92614-6236 (949) 660-0110 FAX: 660-0418 r7 r` POINT OF T / PARCEL SHEET 1 OF 3 Tustin - SchoolsFirst - Development Exhibit A4 to City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Development Agreement Federal Credit Union -3- 150 75 0 150 SCALE IN FEET 1 INCH = 150 FEET NOTE: SEE SHEET 3 FOR LINE & CURVE TABLES. N 44°13`37" W EXHIBIT A-4 TO DEVELOPMENT AGREEMENT EDINGER AVENUE g L10 Q1 L12 L1 C6 C7 C8 C9 i rN w 0 rn r4 - ii L1 SCHOOLSFIRST PARCEL 752,946 SQ. FT. 17.285 ACRES N 40049'54" 1-- L6 v. CIV C4) N L2°3-815—' W RAD G� Lu I G' Ll Ltl ' CITY PARCEL 3' Q MATCH SHEET 1 VWDEN & SOCIATES Q tn rn M w CIVIL, ENGINEERS - LAND SURVEYORS - PLANNERS 2552 WHITE ROAD, SUITE B • IRVINE, CA 92614-6236 (949) 660-01.10 FAX; 660-0418 SHEET 2 OF 3 Tustin - SchoolsFirst - Development Exhibit A4 to City of Tustin / SchoolsFirst Agreement - 5-14.19 FINAL Development Agreement Federal Credit Union -4- EXHIBIT A-4 TO DEVELOPMENT AGREEMENT CURVE TABLE CURVE LINE TABLE RADIUS LINE C1 BEARING 1865.00' DISTANCE Ll N 50°09' 55" W 271.20' L2 N 06°39' 10" W 73.19' L3 N 39049'09" E 32.27' L4 N 09°48'22" E 159.02' L5 L6 N N 52025'08" 50°10'50" E W 36.61' 21.32' L7 N 39°49' 10" E 62.59' L8 N 02°13'01" W 25.25' L9 N 85°53'47" E 37.56' L10 N 50010'50" W 50.00' L11 N 36001'37" W 36.66' L12 N 50°10'50" W 60.00' L13 N 64°20'30" W 36.64' L14 N 50°10'50" W 81.95' L15 N 50°10'50" W 14.00' CURVE TABLE CURVE DELTA RADIUS LENGTH C1 7°35'21" 1865.00' 247.03' C2 20008'30" 1512.29' 531.63' C3 29025'55" 620.72' 318.85' C4 19021'26" 542.42' 183.26' C5 5058'24" 554.66' 57.83' C6 14009'1 S' 41.00' 10.13' C7 14°09' 13" 59.00' 14.57' C8 14°09' 13" 59.00' 14.57' C9 14°09'40" 41.00' 10.13' C10 14010'41" 1512.30' 374.22' C11 5057'49" 1512.30' 157.41' C12 18016'01" 542.42' 172.93' C13 1°05'25" 542.42' 10.32' ALDEN & CIVIL ENGINEERS . LAND SURVEYORS • PLANNERS SSOCIATES 2552 WHITE ROAD, SUITE Do IRVINE, CA 92614-6236 (949) 660-0110 FAX: 660-0418 SHEET 3 OF 3 Tustin - SchoolsFirst - Development Exhibit A-4 to City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Development Agreement Federal Credit Union -5- EXHIBIT B TO DEVELOPMENT AGREEMENT Map showing Specific Plan Planning Areas and Maximum Campus Square Footage (attached) Tustin - SchoolsFirst - Development Exhibit B to City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Development Agreement Federal Credit Union m m O O U. 0 t EN my CL cv EE D of N a 0 m m N UQ c a w m a m W 3nN3Ad U30NIa3 m a` co c CL y Ol M 3 m ui q o .-i N N O W m m H m E E x a N Ol r� 00 o e-1 r� N rl N O r -i H ct r-1 N N N N M ap �O i m 3 a N m m a tko c to 'a �o a oc 0 0 0 0 10 d c .E r, rn C m a E EXHIBIT C TO DEVELOPMENT AGREEMENT PUBLIC BENEFIT IMPROVEMENTS Developer shall design, construct and complete the following improvements comprising the "Public Benefit Improvements" under the Agreement. The Public Benefit Improvements fall into 3 categories: (1) the Reimbursable Public Improvements, which are subject to reimbursement by City to Developer in accordance with the terms and conditions of the Reimbursement Agreement; (2) the Non -Reimbursable Public Improvements, which are not reimbursable by the City but are subject to the terms and conditions of the Reimbursement Agreement; and (3) the Non -Reimbursable Private Improvements. Initially capitalized terms used in this Exhibit C have the meanings set forth in the Development Agreement to which this Exhibit C is attached. Reimbursable Public Improvements TRAFFIC SIGNAL Facility # Description Reimbursement 1 Traffic signal at intersection of Property driveway and Newport Ave. with associated apparatus 50% 2 Left turn pocket on Newport Ave. into Property 50% 3 Double left turn pocket on Newport Ave. into APN 430-251-23 50% 4 Driveway improvements on APN 430-251-23 100% 5 Relocation of catch basin on Newport Ave., installation of new 24" RCP storm drain line 100% 6 Re -design of existing medians on Newport Ave. due to signal and turning enhancements 50% MEDIAN IMPROVEMENTS Facility # Description Reimbursement 7 Landscaping (incl. irrigation and laterals) of Newport Ave. medians adjacent to Property 2 total 50% 8 Landscaping (incl. irrigation and laterals) of Newport Ave. medians adjacent to APN 430-251-25 2 total 100% 9 Landscaping (incl. irrigation and laterals) of Del Amo Ave. median I total 50% SIDEWALK IMPROVEMENTS Facility # Description Reimbursement 10 New sidewalk and landscaping on Newport Ave. from Valencia to Del Amo 50% 11 New sidewalk on Del Amo from Newport Ave. to existing SchoolsFirst driveway 50% Tustin - SchoolsFirst - Development Exhibit C to City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Development Agreement Federal Credit Union 1 Non -Reimbursable Public Improvements 1. Water laterals (domestic and fire) from point of connection in Newport Avenue and Del Amo Avenue to water meters on the Property. Non -Reimbursable Private Improvements 1. Landscaping along the Del Amo Avenue and Edinger Avenue frontages of the 1200 Edinger Avenue building and parking area (within 3 years of the Effective Date). Landscaping shall consist of above -ground planters on Del Amo Avenue and in ground landscaping along Edinger Avenue. 2. Painting of 1200 Edinger Avenue building (within 3 years of the Effective Date). 3. Other 1200 Edinger Avenue building requirements: a. The building is currently a legal nonconforming use. Any vacancies of the building within the term of this Agreement will trigger the requirement for a Specific Plan conforming use. b. Developer is prohibited from subleasing to a Specific Plan nonconforming use. Any subleases must be a Specific Plan conforming use. c. Proposals to redevelop the property at 1200 Edinger Avenue shall be designed to comply with applicable City, State and federal requirements at the time of submittal and/or permit issuance. Tustin - SchoolsFirst - Development Exhibit C to City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Development Agreement Federal Credit Union 2 EXHIBIT D TO DEVELOPMENT AGREEMENT REIMBURSEMENT AGREEMENT (attached) Tustin - SchoolsFirst - Development Exhibit D to City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Development Agreement Federal Credit Union EXHIBIT D INFRASTRUCTURE CONSTRUCTION AND REIMBURSEMENT AGREEMENT by and between THE CITY OF TUSTIN, SCHOOLSFIRST FEDERAL CREDIT UNION Dated , 20 Tustin - SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union TABLE OF CONTENTS INFRASTRUCTURE CONSTRUCTION AND REIMBURSEMENT AGREEMENT RECITALS................................................................................................................................................... 3 ArticleI DEFINITIONS............................................................................................................................... 5 Section1.1 Definitions......................................................................................................................... 5 Article II CONSTRUCTION OF FACILITIES..........................................................................................14 Section 2.1 Preparation of Plans........................................................................................................14 Section 2.2 Duty of SchoolsFirst to Construct...................................................................................15 Section 2.3 Contract Requirements....................................................................................................16 Section2.4 Changes...........................................................................................................................19 Section2,5 Bonding Requirements.................................................................................................... 20 Section 2.6 Inspection; Completion of Construction......................................................................... 21 Section 2.7 Maintenance of Facilities; Transfer of Interest; Transfer of Warranties to all Public Improvements 22 Section2.8 Insurance Requirements.................................................................................................. 23 Section 2.9 Liens and Stop Payment Notices.................................................................................... 24 Section 2.10 Public Improvement Project Coordination...................................................................... 25 Section 2.11 Encroachment Permit; Access........................................................................................ 25 Section 2.12 Warranties and Guarantees for Public Improvements.................................................... 25 Section 2.13 Disclaimer of Responsibility ........................................................................................... 26 Article III ACQUISITION OF PUBLIC IMPROVEMENTS.................................................................... 26 Section 3.1 Transfer of Ownership of Public Improvements............................................................. 26 Section 3.2 City Final Acceptance Process........................................................................................ 27 Section3.3 Release of Bonds............................................................................................................. 29 Article IV PAYMENTS, REIMBURSEMENT PROCEDURES AND RECONCILIATION FOR PUBLICIMPROVEMENTS...................................................................................................................... 30 Section 4.1 Final Accounting; Payment for Public Improvements.................................................... 30 Section4.2 Maintenance.................................................................................................................... 30 Section4.3 Payee; Time for Payment................................................................................................ 30 Section 4.4 Survival of Provisions..................................................................................................... 30 Article V REPRESENTATIONS, WARRANTIES AND COVENANTS; INDEMNIFICATION........... 31 Section 5.1 Representation and Warranties of SchoolsFirst.............................................................. 31 Section 5.2 Covenants of SchoolsFirst and Contractor...................................................................... 32 Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 1 Section 5.3 Representations and Warranties of the City.................................................................... 33 Section 5.4 Indemnification by SchoolsFirst..................................................................................... 34 Article VI REMEDIES; TERMINATION; DAMAGES............................................................................ 35 Section6.1 Termination for Cause by City........................................................................................ 35 Section6,2 Time is of the Essence.................................................................................................... 38 Section 6.3 Remedies in General; Damages Limited......................................................................... 38 Section6.4 Survival........................................................................................................................... 38 ArticleVII MISCELLANEOUS................................................................................................................. 38 Section 7.1 Independent Contractor................................................................................................... 38 Section 7.2 Binding on Successors and Assigns; Restrictions on Assignment .................................. 39 Section7.3 Amendments................................................................................................................... 39 Section7.4 Counterparts.................................................................................................................... 39 Section 7,5 Incorporation of DDA Provisions by Reference............................................................. 39 Section 7.6 Notices, Demands and Communications between the Parties ........................................ 40 Section 7.7 Force Majeure Delay....................................................................................................... 41 Section7.8 Entire Agreement........................................................................................................42 EXHIBIT A-1 — Legal Description of Development Parcels................................................................... A-1 EXHIBIT A-2 — Legal Description of Additional Property Owned by SchoolsFirst ............................... A-1 EXHIBIT B - Description of the Facilities..............................................................................................B-1 EXHIBITC - Form of Concurrence Letter...............................................................................................0-1 EXHIBIT D - Form of Assignment Agreement....................................................................................... D-1 EXHIBIT E - Form of Request for Acceptance........................................................................................ E-1 EXHIBIT F - Construction Schedule....................................................................................................... F-1 EXHIBIT G - SchoolsFirst Bid and Award Procedures.......................................................................... G-1 EXHIBIT H - Form of Potential Change of Work.................................................................................. H-1 EXHIBITI - Construction Contract Terms...............................................................................................1-1 EXHIBIT J - Contractor Insurance Requirements.....................................................................................J-1 EXHIBIT K - Professional Insurance Requirements............................................................................... K-1 EXHIBIT L - Lien Release Requirements................................................................................................L-1 EXHIBIT M - Form of Payment Bond....................................................................................................M-1 EXHIBIT N - Form of Performance Bond.............................................................................................. N-1 EXHIBIT O — Covenants of Contractor................................................................................................. 0-1 Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-1.4-19 FINAL Development Agreement Federal Credit Union 2 INFRASTRUCTURE CONSTRUCTION AND REIMBURSEMENT AGREEMENT THIS INFRASTRUCTURE CONSTRUCTION AND REIMBURSEMENT AGREEMENT ("Agreement") is entered into as of , 20_ ("Effective Date"), by and between the CITY OF TUSTIN, a California municipal corporation ("City") and SCHOOLSFIRST FEDERAL CREDIT UNION, a federally chartered credit union ("SchoolsFirst"). City and SchoolsFirst are sometimes referred to in this Agreement individually as a "Party" and collectively as the "Parties." RECITALS A. The City and SchoolsFirst have entered into (a) that certain Disposition and Development Agreement for SchoolsFirst Headquarters Project dated as of , 20_ (as the same may be amended from time to time, "DDA") with respect to certain real property legally described on Exhibit A-1 ("Development Parcels") and (b) that certain Development Agreement with an effective date of , 201_, recorded in the Official Records of Orange County, California on as Instrument No. ("DA") with respect to the Development Parcels and certain additional real property owned by SchoolsFirst, collectively legally described on Exhibit A-2. As of the Effective Date, the property legally described on Exhibit A-1 and Exhibit A-2 is owned by SchoolsFirst. Unless otherwise indicated, initially capitalized terms used and not defined herein shall have the meanings set forth in the DDA. B. The DDA and DA set forth the agreement of the City and SchoolsFirst with respect to development of the SchoolsFirst Headquarters Project (as defined in the DDA and sometimes referred to herein as the "Project") and the construction by SchoolsFirst of certain infrastructure improvements comprising the Public Benefit Improvements (as defined in the DA). C. The DA and this Agreement set forth various obligations of SchoolsFirst with respect to the design, construction, completion and maintenance of the Public Benefit Improvements described in Exhibit C of the Development Agreement. Pursuant to the DA, (1) the costs incurred by SchoolsFirst with respect to design, engineering, construction, completion and maintenance of the portion of the Public Benefit Improvements designated as "Reimbursable Improvements" on Exhibit C to the DA and on Exhibit B to this Agreement (referred to herein as "Reimbursable Improvements") are to be reimbursed in full or in part by the City to SchoolsFirst as further set forth in this Agreement, and (2) the costs incurred by SchoolsFirst with respect to design, engineering, construction, completion and maintenance of the portion of the Public Benefit Improvements described in Exhibit C of the DA as Non -Reimbursable Improvements (referred to herein as "Non -Reimbursable Improvements"), to be constructed and paid for by SchoolsFirst without reimbursement of any kind or nature from the City, and which are comprised of (a) the Non -Reimbursable Private Improvements (referred to herein as the "Non -Reimbursable Private Improvements") to be owned, following completion, by SchoolsFirst, which are not a subject of this Agreement, and the Non -Reimbursable Public Improvements (referred to herein as the "Non - Reimbursable Public Improvements") described on Exhibit B to this Agreement, to be owned Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union by the City. The Reimbursable Improvements and the Non -Reimbursable Public Improvements (individually, each a "Public Improvement" and collectively "Public Improvements") are to be maintained by SchoolsFirst until the Final Acceptance of such completed improvements, as set forth in this Agreement. Each item listed on Exhibit B is referred to herein individually as a "Facility" and collectively as "Facilities." The Facilities are described more specifically in the Approved Project Plans. D. Pursuant to this Agreement, SchoolsFirst agrees to cause the construction of all of the Facilities in accordance with the Approved Project Plans, and with respect to such Work to comply with all other requirements of this Agreement, for the benefit of SchoolsFirst and the City, all as more particularly described herein. E. . This Agreement is entered into by the City and SchoolsFirst in order to, among other things, (1) establish certain obligations regarding the construction of the Facilities by SchoolsFirst in accordance with the Schedule of Performance attached to the DDA and the Construction Schedule attached hereto; (2) establish the procedures under which the City shall reimburse SchoolsFirst for the construction of the Reimbursable Improvements in the percentages and as further set forth on Exhibit B; (3) establish the rights of the City to review and approve the Construction Contract and amendments thereto to ensure consistency with this Agreement and to confirm, in City's sole discretion, that the applicable requirements of this Agreement are included in the Construction Contract; and (4) provide a process for Final Acceptance of the Public Improvements. F. It is the intent of the Parties that upon Completion and Final Acceptance by the City of the Public Improvements, the City will take title thereto in accordance with the terms of this Agreement, through the process for City approval and acceptance described in this Agreement. In addition, SchoolsFirst is also causing Completion, pursuant to this Agreement, of the Non - Reimbursable Private Improvements described on Exhibit B which are located on real property owned by SchoolsFirst which shall be retained by SchoolsFirst following Completion thereof. Accordingly, wherever the terms "Request for Acceptance," or "Final Acceptance" are used in this Agreement, they shall mean, with respect to the Public Improvements upon real property which the City owns or with respect to public facilities that are to be conveyed to the City, the City's agreement to take title to such Public Improvements in accordance with the terms of this Agreement. NOW, THEREFORE, for and in consideration of the mutual premises and covenants contained herein, the Parties hereto agree as follows: Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union ARTICLE I DEFINITIONS Section 1.1 Definitions Unless the context otherwise requires, the following terms utilized in this Agreement shall have the meanings herein specified: "Acceptance Date" has the meaning set forth in Section 3.2.1(c). "Actual Cost" means the following costs of SchoolsFirst with respect to a Reimbursable Improvement: (a) the Construction Cost with respect to such Reimbursable Improvement; (b) any fees to Governmental Authorities in order to obtain permits, licenses or other necessary governmental inspections, approvals and reviews for such Reimbursable Improvement, including but not limited to City Processing Fees, Plan Check and Inspection Fees, and Plan Check and Inspection Services (as such terms are defined in the DA); (c) the actual cost of professional services directly related to the construction of such Reimbursable Improvement, which services are provided pursuant to any Professional Services Agreement approved by the City pursuant to Section 2.3.3, or otherwise approved by the City, including, without limitation, surveying, architectural work, design, engineering, inspection, materials testing and similar professional services, and insurance required in connection with such services; (d) costs of obtaining and maintaining the Payment Bond and Performance Bond and insurance (which, as to professional services, shall be only if required in connection with such services) as required under this Agreement in connection with construction of such Reimbursable Improvement; and (e) costs of maintaining such Reimbursable Improvement between completion thereof and the Acceptance Date; provided, however, that each item of cost shall include only amounts actually paid by SchoolsFirst to the Contractor and Professionals shall not include costs of SchoolsFirst, overhead or other internal expenses of SchoolsFirst and shall not include costs of Work required to be corrected, removed, repaired or replaced due to failure of such Work to comply with Governmental Requirements or to meet City or other Governmental Authority's inspection and/or acceptance requirements. "Approved PCOW" has the meaning set forth in Section 2.4.1. "Approved Project Plans" has the meaning set forth in Section 2.1.2. "Assignment Agreement" means the agreement provided by SchoolsFirst to the City pursuant to Section 2.7 under which SchoolsFirst, with respect to each Reimbursable Improvement, (a) transfers to the City all right, title and interest in a Completed Public Improvement; and (b) assigns to the City the Warranties for such Completed Public Improvement. The Assignment'Agreement shall be in the form of Exhibit D attached hereto. "Authorized Extension" has the meaning set forth in Section 2.2.3. Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union "Business Day" means any day on which City Hall is open for business and shall specifically exclude Saturday, Sunday and legal holidays. "Cause" has the meaning set forth in Section 6.1.1 and 6.1.2. "City" means the City of Tustin, a general law city organized and existing under the laws of the State. "City Indemnitees" has the meaning set forth in Section 5.4.1. "City Representative" means the individual or individuals authorized by the City to act and coordinate with SchoolsFirst on behalf of the City with respect to the matters described in Section 2.10 and elsewhere in this Agreement. "Claim" or "Claims" means any and all claims, actions, causes of action, demands, orders, or other means of seeking or recovering losses, damages, liabilities, costs, expenses (including attorneys' fees, fees of expert witnesses and consultants and court and litigation costs), costs and expenses attributable to compliance with judicial and regulatory orders and requirements, fines, penalties, liens, taxes, or any type of compensation whatsoever, direct or indirect, known or unknown, foreseen or unforeseen. "Complete," "Completed" and "Completion" with respect to each Facility means that: (a) construction of the Facility is complete in substantial conformity with the Plans, this Agreement and the Construction Contract, as determined by the City, with all systems (including mechanical, electrical, structural, communication and other systems, as applicable) in good and proper operating condition and ready for use such that the Facilities may be utilized for their intended purpose; (b) all Work required by this Agreement and the Construction Contract with respect to such Facility, including minor corrective work and minor deficient or incomplete work is complete, as evidenced by a certification by the project engineer(s) for the Facility that such Facility has been completed in a good and workmanlike manner; (c) SchoolsFirst shall have obtained fully executed conditional waiver and release forms from Contractor and Contractor's Subcontractors and all other SchoolsFirst Parties performing Work on the Facility that have lien rights pursuant to California law, in the form required by California Civil Code Section 8136; and (d) any and all mechanic's liens that have been recorded or stop payment notices that have been delivered with respect to the Facility have been paid, settled or otherwise extinguished, discharged, released, waived, or bonded (such bonding to be by the provision of bonds satisfying the provisions of Section 2.9). "Concurrence Letter" shall mean a letter in the form of Exhibit C attached hereto under which SchoolsFirst notifies the City of a bid requiring approval by the City in connection with the construction of a Reimbursable Improvement. "Construction Contract" means the contract for construction of the Facilities awarded by SchoolsFirst to Contractor meeting the requirements set forth for such contract in this Agreement Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union which shall, unless otherwise agreed by the Parties, be in the form and substance of the Construction Contract attached hereto as Exhibit G.1 The Parties acknowledge that in addition to construction of the Public Improvements, the Construction Contract may also include construction of the Non -Reimbursable Private Improvements. "Construction Cost" means the cost for constructing each Reimbursable Improvement, including without limitation labor, material and equipment costs, and costs of obtaining and maintaining the Payment Bond and Performance Bond and insurance, established in the Construction Contract approved by the City for such Reimbursable Improvement, which amount shall only be modified by an Approved PCOW. "Construction Schedule" has the meaning set forth in Section 2.2.3. "Contract Price" has the meaning set forth in Section 2.3.6. "Contractor" means C.W. Driver, LLC, a California limited liability company, which entity is a licensed contractor in the State and which shall construct the Facilities in accordance with the procedures set forth in Sections 2.3.2 and 2.3.3, or at the election of SchoolsFirst and with the approval of City pursuant to Section 7.2, another licensed contractor in the State qualified to perform the work described by the Construction Contract and this Agreement. "DA" has the meaning set forth in Recital A. "DDA" has the meaning set forth in Recital A. "Development Parcels" has the meaning set forth in Recital A. "Director" means the City's Director of Public Works and any designee of said City Director of Public Works. "Effective Date" means the first date set forth on page 1 of this Agreement. "Environmental Claim" shall have the meaning set forth in Section 5.4.1. "Reimbursable Improvement" has the meaning set forth in Recital C. "Facilities" has the meaning set forth in Recital C. "Final Acceptance" means, as to each Public Improvement that is the subject of a Request for Acceptance, that (a) the conditions to approval by the City of the Request for Acceptance set forth in Section 3.2.1 have been fully satisfied, (b) Acceptance of such Public Improvement has been made by the Director pursuant to Section 3.2, and (c) if the subject of such Request for 1 To be approved by the City and attached to this Reimbursement Agreement as a condition for the benefit of the City at Close of Escrow under the DDA. Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union Acceptance is a Public Improvement, approval by the City has been obtained for Acceptance of the Public Improvement (it being understood that with respect to all Public Improvements constructed upon property owned by the City, the City will own such Public Improvements upon the installation thereof), and in all cases assignment of Warranties (and title as to Public Improvements) pursuant to an Assignment Agreement executed by SchoolsFirst for such Public Improvements. "Final Approved Cost" means for each Reimbursable Improvement for which a Request for Acceptance is submitted by SchoolsFirst, the product of (a) the final Actual Cost of such Reimbursable Improvement, as approved and determined by the Director in accordance with the procedures set forth in Section 3.2.1 of this Agreement and (b) the percentage shown on Exhibit B as allocable to the City (and therefore as reimbursable to SchoolsFirst) for such Reimbursable Improvement. "First Party" has the meaning set forth in Section 7.7. "Force Majeure Delay" means the occurrence of any of the following events when such event is beyond the control of the First Party and such Party's officers, directors, employees, contractors, consultants, agents and representatives and is not due to an act or omission of such Party or its officers, directors, employees, contractors, consultants, agents or representatives, which directly, materially and adversely affects (a) the ability of the First Party to meet its non - monetary obligations under this Agreement, including the deadlines imposed by the Schedule of Performance attached to the DDA, or (b) the ability of SchoolsFirst to cause Contractor to Complete the Work, and which events (or the effect of which events) reasonably could not have been avoided by due diligence and use of commercially reasonable efforts by the Party claiming Force Majeure Delay: (a) Civil Unrest. An epidemic, blockade, quarantine, rebellion, war, insurrection, act of terrorism, strike or lock -out, riot, act of sabotage, civil commotion, act of a public enemy, freight embargo, or lack of transportation; (b) Unforeseeable Conditions. Reasonably unforeseeable physical condition of the Property including the presence of Hazardous Materials; (c) Casual . Fire, earthquake or other casualty, in each case only if causing material physical destruction or damage to the Work or the Site; (d) Liti ag tion. Any lawsuit seeking to restrain, enjoin, challenge or delay any issuance of any Entitlement or seeking to restrain, enjoin, challenge, or delay construction of the Project, which is defended by the First Party which restricts the ability of the First Party to perform its material obligations hereunder or which results in an injunction against the First Party restricting its ability to so perform during the pendency of such litigation and which directly impairs the ability of the First Party to perform despite the best efforts of the First Party to do so; Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union (e) Change of Law. The passage of a referendum or initiative that results in the inability of the First Party to perform its material obligations hereunder; (f) Change in Governmental Requirements. Any change in Governmental Requirements or adoption of any new Governmental Requirements affecting the Project which is materially inconsistent with Governmental Requirements in effect as of the effective date of the DDA and which applies to the Project after taking into account any vested rights with respect to the Project set forth in the Development Agreement; and (g) Weather. Unusually severe weather conditions not reasonably anticipatable for the City of Tustin, based upon U.S. Weather Bureau climatological reports for the months included plus a report indicating average precipitation, temperature, etc. for the last ten (10) years from the nearest reporting station. Notwithstanding any other provision of this Agreement to the contrary, the term "Force Majeure Delay" shall be limited to the matters listed above and, further, specifically excludes the following matters which might otherwise be considered Force Majeure Delay: (1) Entitlements. The suspension, termination, interruption, denial or failure to obtain or nonrenewal of any Entitlement, permit, license, consent, authorization or approval which is necessary for the development of the Project, except for any such matter resulting from a lawsuit or referendum as described in clauses (4) or 5) this definition; . (2) Previously Proposed Changes in Governmental Requirements. Any change in Governmental Requirements other than as set forth in clause of this definition; (3) Failure to Perform Obligations. Failure of any of SchoolsFirst, any Successor Owner, Contractor, Subcontractor or other Person to perform any obligation to be performed by it as the result of adverse changes in the financial condition of SchoolsFirst, any Successor Owner, Contractor, Subcontractor or other Person, as applicable; (4) Failure to Provide Financial Security. Failure of SchoolsFirst or any Successor Owner to provide financial security required by this Agreement when due or to submit evidence of financing of the Project or to perform any obligation to be performed by SchoolsFirst or any Successor Owner hereunder as the result of adverse changes in market conditions unless SchoolsFirst or such Successor Owner demonstrates to the satisfaction of the City Manager or designee in its sole discretion that (a) SchoolsFirst or such Successor Owner was unable to obtain such financing despite making best efforts to do so, and (b) such financing is unavailable on terms which are commercially feasible because of generally applicable economic conditions affecting the credit market which then exist; (5) Failure to Submit Required Documentation. Failure of the First Party to submit documentation as and when required by this Agreement; Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 9 (6) Failure to Submit Basic Concept Plan or Other Plans and Entitlements. Failure to submit a Basic Concept Plan and Concept Plan and Design Review submittals, and/or submittals for other Entitlements required for construction of the Facilities and/or development of the Project on the Property when required pursuant to the Schedule of Performance; (7) Failure to Maintain Required Insurance. Failure to acquire, maintain and submit evidence of insurance policies as required by the DDA or this Agreement; (8) Failure to Execute Documents. Failure of the First Party to execute documents; and (9) All Other Matters. All other matters not caused by the Second Party and not specifically described in this definition. "General Prevailing Wage Rates" means those rates determined by the Director of the Department of Industrial Relations of the State of California to be "prevailing wage" rates for each of the trades and workers to which prevailing wage rates apply, as such rates are set from time to time by such director for the region in which the City is located. "Governmental Authority" means any and all federal, State, county, municipal and local governmental and quasi -governmental bodies and authorities or departments (including the United States of America, the State of California and any political subdivision, public corporation, district, joint powers authority or other political or public entity) or departments thereof having or exercising jurisdiction over the Parties, the Development Parcels, the Site or other property upon which SchoolsFirst or the City are obligated to construct, or cause construction of, the Facilities. "Governmental Capacity" means the exercise by the City of its governmental authority with respect to any matter related to this Agreement, including without limitation, the regulation of the Development Parcels and the Site pursuant to Governmental Requirements, including enacting laws, inspecting structures, reviewing and issuing permits, and all other legislative, administrative or enforcement functions of each pursuant to federal, state or local law. "Governmental Requirements" means all laws, statutes, codes, ordinances, rules, regulations, standards, guidelines and other requirements issued by any Governmental Authority having jurisdiction over, governing, applying to or otherwise affecting the Parties, the Development Parcels, the Site and/or other property upon which SchoolsFirst or the City are obligated to construct, or cause construction of, the Facilities or any component thereof, including without limitation building permits related to construction of such improvements. "Hazardous Materials" shall mean and include the following: (a) "Hazardous Substance", "Hazardous Material', "Hazardous Waste", or "Toxic Substance" under the Comprehensive Environmental Response, Compensation and Liability Act of 1980,42 U.S.C. subsection 9601, et seq., the Hazardous Materials Transportation Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 10 Act, 49 U.S.C. subsection 5101, et seq., or the Resource Conservation and Recovery Act, 42 U.S.C. subsection 6901, et seq.; (b) An "Extremely Hazardous Waste", a "Hazardous Waste", or a "Restricted Hazardous Waste", under subsections 25115, 25117, or 25122.7 of the California Health and Safety Code, or is listed or identified pursuant to subsection 25140 or 44321 of the California Health and Safety Code; (c) "Hazardous Material', "Hazardous Substance", "Hazardous Waste", "Toxic Air Contaminant", or "Medical Waste" under subsections 25281, 25316, 25501, 25501.1, 117690 or 39655 of the California Health and Safety Code; (d) "Oil' or a "Hazardous Substance" listed or identified pursuant to Section 311 of the Federal Water Pollution Control Act, 33 U.S.C. Section 1321, as well as any other hydro carbonic substance or by-product; (e) A material listed or defined as a "Hazardous Waste", "Extremely Hazardous Waste", or an "Acutely Hazardous Waste" pursuant to Chapter 11 of Title 22 of the California Code of Regulations; (f) A material listed by the State of California as a chemical known by the State to cause cancer or reproductive toxicity pursuant to Section 25249.8(a) of the California Health and Safety Code; (g) A material which, due to its characteristics or interaction with one or more other substances, chemical compounds, or mixtures, damages or threatens to damage, health, safety, or the environment, or is required by any law or public agency to be remediated, including remediation which such law or public agency requires in order for the property to be put to any lawful purpose; (h) Any material whose presence would require remediation pursuant to the guidelines set forth in the State of California Leaking Underground Fuel Tank Field Manual, whether or not the presence of such material resulted from a leaking underground fuel tank; (i) Pesticides regulated under the Feral Insecticide, Fungicide and Rodenticide Act, 7 U.S.C. subsection 136 et seq.; 0) Asbestos, PCBs and other substances regulated under the Toxic Substances Control Act, 15 U.S.C. subsection 2601 et seq.; (k) Any radioactive material including any "source material', "special nuclear material', "by-product material', "low-level wastes", "high-level radioactive waste", "spent nuclear fuel' or "transuranic waste", and any other radioactive materials or radioactive wastes, however produced, regulated under the Atomic Energy Act, 42 U.S.C. subsection 2011 et seq., the Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 11 Nuclear Waste Policy Act, 42 U.S.C. subsection 10101 et seq., or pursuant to the California Radiation Control Law, California Health and Safety Code Section 114960 et seq.; (1) A material regulated under the Occupational Safety and Health Act, 29 U.S.C. subsection 651 et seq., or the California Occupational Safety and Health Act, California Labor Code subsection 6300 et seq.; and/or (m) A material regulated under the Clean Air Act, 42 U.S.C. subsection 7401 et seq. or pursuant to Division 26 of the California Health and Safety Code. "Lien Release Bond" is defined in Section 3.2.1. "Notice of Completion" means a valid notice of completion as defined in California Civil Code Section 8180 et seq. "Non -Reimbursable Improvements" has the meaning set forth in Recital C. "Non -Reimbursable Private Improvements" has the meaning set forth on Exhibit B. "Non -Reimbursable Public Improvements" has the meaning set forth in Recital C. "Payment Bond(s)" means the bond or bonds issued by a surety authorized to do business in the State of California that guarantees the payment in full by Contractor as the principal of all Contractor's Subcontractors, laborers, material suppliers and other Persons performing Work which shall be in the form attached as Exhibit M. "PCOW" has the meaning set forth in Section 2.4.1. "Performance Bond(s)" means the bond or bonds issued by a surety authorized to do business in the State of California and guaranteeing due and punctual performance and completion (within the respective times provided in the Construction Schedule) of the Work in accordance with the applicable Approved Project Plans that specifically describe the Work to be performed in sufficient detail for the issuance of such Performance Bond, and including all obligations of Contractor as the principal, Subcontractors and other Persons with respect to the Work covered by such bond, with the City as the sole oblige which shall be in the form attached as Exhibit N. "Person" means an individual, a corporation, a partnership, an association, a limited liability company, a joint stock company, a trust, any unincorporated organization or a government or political subdivision thereof. "Plans" means the plans and specifications for all of the Facilities, which plans and specifications shall have been prepared and approved pursuant to Section 2.1. Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 12 "Professional" means a professional consultant to whom a Professional Services Agreement is awarded by SchoolsFirst in accordance with the procedures set forth in Sections 2.3.2 and 2.3.3 or is otherwise accepted by the City in writing in its sole discretion. "Professional Services Agreement" means the agreement for the provision of professional services related to the construction of each Reimbursable Improvement awarded by SchoolsFirst to each Professional in accordance with the procedures and meeting the requirements set forth in Section 2.3 and the insurance requirements in Section 2.8 or is otherwise accepted by the City in writing in its sole discretion. "Project" has the meaning set forth in Section 1.2.2 of the DDA. "Public Improvement" and "Public Improvements" have the meaning set forth in Recital C. "Reimbursable Improvements" means the portions of the Improvements within the public right-of-way identified as such on Exhibit B to this Agreement, for which SchoolsFirst shall be eligible to receive reimbursement, in the applicable percentages indicated on Exhibit B of its Actual Cost, from the City, in accordance with the terms and conditions set forth in this Agreement. "Release" (with respect to Hazardous Materials) shall mean any releasing, or threat of releasing, spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, migrating, disposing or dumping into the environment. "Request for Acceptance" has the meaning set forth in Section 3.2.1. "SchoolsFirst" means SchoolsFirst Federal Credit Union, a federally chartered credit union, and its successors and assigns as permitted in accordance with the terms and provisions of the DDA. "SchoolsFirst Parties" has the meaning set forth in Section 2.3.6. "SchoolsFirst Representative" means the individual or individuals authorized by SchoolsFirst to act and coordinate with the City on behalf of SchoolsFirst with respect to the matters described in Section 2.10 and elsewhere in this Agreement, including but not limited to execution of any Request for Acceptance signed by SchoolsFirst and delivered to the City. Each Request for Acceptance shall contain an original signature of at least one SchoolsFirst Representative. "Second Party" has the meaning set forth in Section 7.7. "Site" has the meaning set forth in Section 2.4.3. Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 13 "Special Restrictions" means the Declaration of Special Restrictions that will be recorded against the Development Parcels concurrently with SchoolsFirst's acquisition of the City Parcel. "State" means the State of California. "Subcontract" shall mean a contract between Contractor and a Subcontractor. "Subcontractor" or "Subcontractors" means each and every entity retained to perform a portion of the Work that does not have a direct contractual relationship with SchoolsFirst and shall include entities retained by Contractor at any tier to perform a portion of the Work under the Construction Contract. Subcontractors shall be retained pursuant to and in accordance with the requirements of this Agreement. "Subcontracts" shall mean each and every Subcontract, collectively. "Warranty" or "Warranties" means all warranties and guarantees provided by Contractor and Subcontractors, vendors and material manufacturers and suppliers under the Construction Contract, Subcontracts and other agreement with respect to any Public Improvement. "Work" means the design, engineering, construction, installation, maintenance and services required by the Plans, and includes without limitation all labor, services, equipment or materials provided or to be provided by SchoolsFirst or Contractor to fulfill SchoolsFirst's obligations with respect to each Facility constructed under this Agreement; provided, however, that with respect to the Construction Contract, the responsibility of Contractor for the Work may, at the discretion of SchoolsFirst, exclude design, engineering and, outside of the warranty period, maintenance. ARTICLE II CONSTRUCTION OF FACILITIES Section 2.1 Preparation of Plans 2.1.1 SchoolsFirst shall cause the Plans for each Facility to be prepared by licensed engineers in the State in a competent, professional and satisfactory manner in accordance with (a) all standards prevalent in the industry and (b) all applicable laws, ordinances, resolutions, statutes, rules and regulations of applicable Governmental Authorities in effect at the time the Improvements Plans were prepared. SchoolsFirst shall provide the Director with two (2) paper copies of the complete set of the Plans for each Facility, together with an electronic copy of the Plans in PDF and Autocad format. SchoolsFirst shall obtain the approval of the Director, in his sole discretion, of the Plans prior to the commencement of construction. 2.1.2 Plans for each Facility prepared in accordance with this Section 2. 1, approved by the City (and if an Approved PCOW has been obtained for such Plan, including such Approved PCOW) are referred to herein as the "Approved Project Plans" for such Facility. Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 14 Section 2.2 Duty of SchoolsFirst to Construct 2.2.1 General Contractor. SchoolsFirst shall retain Contractor pursuant to a Construction Contract in the form and substance of the Agreement attached as Exhibit G or with such modifications to such Construction Contract as are approved (in writing) in advance by the City in its reasonable discretion; provided that if any such proposed modification would diminish the rights of City, the obligations of SchoolsFirst to City under this Agreement, or the obligations of Contractor or any Subcontractor that are required by this Agreement to be imposed upon such Contractor or Subcontractor and enforced by SchoolsFirst, approval of such modifications shall be in the sole discretion of the City. SchoolsFirst shall cause Contractor to construct each Facility substantially in accordance with the Approved Project Plans therefor, as applicable, the Schedule of Performance and the Construction Schedule. SchoolsFirst shall cause Contractor to construct the Facilities in accordance with the terms of the Construction Contract, the Schedule of Performance and Construction Schedule. SchoolsFirst shall, and shall cause Contractor to, provide all labor, materials, equipment, supplies, tools, permits, supervision, transportation, services, sales tax and all other Work to complete the Facilities in accordance with the Approved Project Plans therefor, as applicable, including all Work expressly specified therein and reasonably inferred from the Approved Project Plans. Wherever this Agreement provides that SchoolsFirst shall cause the Contractor to act, or refrain from acting in some manner, SchoolsFirst shall (a) include such requirement in the Construction Contract as an obligation of Contractor and (b) shall make the City an express third party beneficiary of such obligation, which shall be coupled with an interest. 2.2.2 Quality and Care. SchoolsFirst shall perform its obligations hereunder and shall cause Contractor to, perform the Work under the Construction Contract and conduct all operations with respect to such Work in a good, workmanlike and commercially reasonable manner, with the standard of diligence and care normally employed by duly qualified Persons utilizing commercially reasonable efforts in the performance of comparable work and in accordance with generally accepted practices in Orange County, California, appropriate to the activities undertaken. Unless otherwise specified in the Approved Project Plans, all materials shall be new and of good quality and SchoolsFirst shall, if requested by the City, cause Contractor to furnish satisfactory evidence to the City and SchoolsFirst as to the kind and quality of materials. The Work shall be performed in a manner that complies with the requirements of any manufacturers' warranties applicable to equipment or materials included in any of the Facilities. 2.2.3 Construction Schedule. The "Construction Schedule" is set forth on Exhibit F and sets forth the final day for commencement of construction and the final day for Completion of construction of each Facility for which SchoolsFirst shall be and shall cause Contractor to responsible. The commencement and Completion dates established for each Facility for Work to be performed by or on behalf of SchoolsFirst in the Construction Schedule shall be subject to extension only for (x) "Authorized Extensions" requested pursuant to a PCOW and approved by the Director in writing in accordance with the procedure set forth in Section 2.4.1 below, (y) a Force Majeure Delay or (z) any other reason permitted by this Agreement. Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 15 2.2.4 Repairs. In connection with construction of the Facilities, as between SchoolsFirst and the City, City shall not be responsible for any damage caused by SchoolsFirst, Contractor or any of Contractor's Subcontractors to any property of City, and SchoolsFirst shall, within ten (10) Business Days of receipt of substantiation from City of any such damage caused by SchoolsFirst, Contractor or Contractor's Subcontractors, meet and confer with City to confirm the extent of the damage and to identify the parties responsible for making repairs. Thereafter, SchoolsFirst shall either promptly cause the repair of such damage without cost to the City or after City's repair of any such damage, shall reimburse the City for the actual cost of the repairs paid for by City together with the costs of staff (billed at then current hourly rates) and costs of third party consultants incurred by the City in connection with such repairs within thirty (30) calendar days of receipt of City's invoice and backup information substantiating such costs or such costs may be retained by the City from any monies due to SchoolsFirst under this Agreement. Section 2.3 Contract Requirements SchoolsFirst shall, and shall require Contractor to, comply with and, at such intervals and in such form as the City may reasonably require, provide proof to the City that the following requirements have been satisfied as to each of the Facilities. SchoolsFirst shall cause the provisions of this Section 3 and Exhibit G to be attached to and incorporated into the Construction Contract and shall cause Contractor to attach and incorporate into any Subcontract under which Subcontractor will solicit bids for performance of Work in connection with the construction of any Reimbursable Improvement. SchoolsFirst shall comply with the terms of the Construction Contract and in the case of Contractor default, shall promptly enforce the terms of the Construction Contract against Contractor. The Construction Contract and each such Subcontract shall make City an express third party beneficiary with the right to enforce the requirement of SchoolsFirst, Contractor and Subcontractors, if any, to comply with the provisions of this Section 2.3 and Exhibit G. 2.3.1 Bidding Requirements. SchoolsFirst shall cause the Contractor's construction contract with each Subcontractor for the construction of each Facility comprising a Reimbursable Improvement (a) to be awarded to a prequalified Subcontractor that is the responsible bidder submitting the lowest responsive bid for such Reimbursable Improvement in accordance with the provisions of this Section 2.3 and (b) to incorporate the Contractor's Construction Contract with SchoolsFirst. 2.3.2 Bid/RFP Process. Following completion of Approved Project Plans for each Facility, SchoolsFirst shall, or shall cause Contractor to, solicit bids from at least three (3) prequalified bidders selected by SchoolsFirst and Contractor in accordance with Exhibit G attached hereto for construction of each Facility comprising a Reimbursable Improvement (or in the case of services, proposals related to the construction of such Facility) in a timely manner to ensure compliance with the commencement date for such Facility set forth in Construction Schedule. The bid and award procedures to be followed by Contractor in connection with the construction of each Reimbursable Improvement are described on Exhibit G attached hereto. Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 16 Nothing in this Agreement shall prohibit SchoolsFirst or Contractor from soliciting bids either for an individual Reimbursable Improvement or for multiple Reimbursable Improvements at one time. If the Work is bid for multiple Reimbursable.Improvements at one time, SchoolsFirst shall, or shall cause Contractor to, require all bidders to specify the cost of each Reimbursable Improvement separately, and shall require in any Subcontract(s) awarded to the successful Subcontractor bidder(s) that all final payment applications submitted by it to the Contractor will break out separately the cost of constructing each Reimbursable Improvement. 2.3.3 Award of Contract or Professional Services Agreement. Promptly after Contractor's receipt and opening of all bids for Reimbursable Improvements, SchoolsFirst will submit to the City a spreadsheet showing all Subcontractor bidder(s)' bids received. The City shall have a period of five (5) Business Days from receipt of the bid results for review and approval of same. After receipt of the City's approval of the responsible Subcontractor bidder(s) submitting the lowest responsive bid(s) for the construction of each Reimbursable Improvement or portion of a Reimbursable Improvement (which approval shall be confirmed in a Concurrence Letter in the form of Exhibit C attached hereto), SchoolsFirst shall or shall cause Contractor to award the construction contract(s) to the Subcontractor(s) so approved by the City. Likewise, as to all Professional Services Agreements in connection with the Construction of each Reimbursable Improvement which SchoolsFirst intends to include as part of the Actual Costs, SchoolsFirst shall provide the City with a spreadsheet showing all proposals received from consultants, after which the City shall have a period of five (5) Business Days from receipt of the spreadsheet to review and approve of same. After receipt of City's approval of the professional consultant with the lowest responsive proposal to perform the services (which approval shall be confirmed in a Concurrence Letter in the form of Exhibit C attached hereto), SchoolsFirst shall enter into a Professional Services Agreement with the approved consultant. Each professional services agreement awarded after bidding as set forth in this Section 2.3.3, are each hereinafter referred to as the "Professional Services Agreement," and each winning bidder for such services is referred to as a Professional. Promptly after the award of each such Construction Contract or Professional Services Agreement, SchoolsFirst shall furnish the City with a copy of (a) the bid package received from the Subcontractor(s) to whom the Contractor has awarded a construction contract, and/or (b) with respect to professional services, the fully executed Professional Services Agreement and one copy of the proposal received from the Professional to whom the Professional Services Agreement was awarded. In addition, in order to expedite commencement of construction of the Reimbursable Improvements and provided the City Manager or his or her designee has consented to the specifics thereof in writing, SchoolsFirst may commence the bid and award process for Subcontractors for the Reimbursable Improvements prior to the Effective Date. City agrees that so long as such bid and award procedures for such Subcontractors complied with the requirements of Exhibit C and Exhibit G of this Agreement, the Actual Costs shall include, without limitation, Construction Costs for Reimbursable Improvements under Contractor's contracts with such Subcontractors. 2.3.4 Public Works Contract Requirements; Prevailing Wages. The specifications and bid and contract documents shall require that SchoolsFirst comply with and cause Contractor, all Subcontractors and all Professionals to which such requirements apply, to Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 17 comply with all applicable provisions of the California Labor Code, the California Government Code and the California Public Contract Code relating to public works projects of cities. In addition, but without limitation of the foregoing, SchoolsFirst shall require in the Construction Contract that Contractor shall and shall cause all Subcontractors engaged to perform Work on each Public Improvement: (a) to pay at least General Prevailing Wage Rates to all workers employed in the performance of the Construction Contract or any Subcontract, (b) to post a copy of the General Prevailing Wage Rates at the job -site in a conspicuous place available to all employees and applicants for employment, (c) to otherwise comply with applicable laws relating to public works projects of cities including without limitation, pursuant to Labor Code § 1771.1(a), (d) to ensure that Contractor and all Subcontractors are currently registered and qualified to perform public work pursuant to Labor Code § 1725.5, and (e) to ensure that Contractor, all Subcontractors, and all Professionals (if any) contracted through Contractor to which such requirements apply, prepare and submit Certified Payroll Records directly to the California Labor Commissioner in compliance with the requirements set forth in Labor Code Sections 1771.4 and 1776, including but not limited to the form, content and frequency of the submittal of the Certified Payroll Records. SchoolsFirst shall require in its Construction Contract that Contractor and all Subcontractors comply with all applicable laws for public works projects, including without limitation, California Labor Code Sections 1771, 1774, 1775, 1776, 1777.5, 1813 and 1815, and shall attach copies of such Labor Code provisions in an exhibit attached to the Construction Contract and each Subcontract and each Professional Services Agreement to which such requirements apply. 2.3.5 Compliance With Law. In connection with construction of each Facility, SchoolsFirst shall, and shall cause Contractor and all SchoolsFirst Parties to, comply with all applicable laws, ordinances and regulations and with the applicable building codes of applicable Governmental Authorities, Neither SchoolsFirst nor Contractor nor any Subcontractors or Professionals shall discriminate in its employment practices against any employee, or applicant for employment, because of such individual's race, religion, national origin, ancestry, sex, sexual orientation, age, physical handicap, marital status or medical condition and SchoolsFirst shall cause a provision prohibiting such discrimination to be included in the Construction Contract, each Subcontract and each Professional Services Agreement. 2.3.6 Contract Requirements; City Rights. The Construction Contract shall include, among other provisions, the terms and conditions set forth on Exhibit J attached hereto and neither the Construction Contract nor any Subcontract shall include any provisions that diminish the rights of the City or the obligations of Contractor or any Subcontractors thereunder. The price for the Work set forth in the Construction Contract as adjusted pursuant to such Construction Contract ("Contract Price") shall be established as a "cost plus guaranteed maximum price" contract as determined in accordance with the procedures set forth in Exhibit G. Notwithstanding any other provision of this Agreement, City shall not be responsible for (a) costs under the Construction Contracts in excess of the established Contract Price (except as modified by an Approved PCOW), and (b) any loss incurred by the City as a result of the breach of a Construction Contract by Contractor or a defect in the Work or faulty workmanship (unless covered by Contractor's Warranty assigned to the City on the Acceptance Date for the applicable Public Improvement). Nothing contained in this Agreement shall create any contractual Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 18 relationship between the City and Contractor or any of Contractor's Subcontractors, vendors, material suppliers, laborers or any other Person retained by SchoolsFirst or retained by any of the foregoing, at any tier, or their respective officers, employees or agents (collectively, and expressly excluding SchoolsFirst, the "SchoolsFirst Parties'). 2.3.7 Contractor Insurance. SchoolsFirst shall cause Contractor and all Subcontractors engaged to perform Work on a Facility to provide proof of insurance coverage satisfying the requirements of Section 2.8 throughout the term of the construction of such Facility. 2.3.8 Compliance with City Requirements. SchoolsFirst shall cause Contractor and each Subcontractor, vendor, material supplier, equipment operator and owner operator, to the extent each such Person is engaged to perform Work, to comply with such requirements relating to the Work as the City may impose by written notification delivered to SchoolsFirst to the extent legally required as a result of Governmental Requirements or changes in applicable federal, State or City laws. Section 2.4 Changes 2.4.1 Preliminary Change of Work Request. SchoolsFirst shall provide the City with a preliminary change of work request in the form of Exhibit H (each, a "PCOW") within ten (10) Business Days of initiation of changed conditions to the Construction Contract or in connection with any request for an extension of time (i.e., for an Authorized Extension), which PCOW shall be subject to City approval in its sole discretion. The Director shall provide written approval or disapproval of any such PCOW within ten (10) Business Days of the Director's receipt of same from SchoolsFirst. Each PCOW approved by the City in writing is referred to herein as an "Approved PCOW." If the Director fails to respond within such ten (10) Business Day period, such failure to respond shall be deemed to constitute disapproval of the PCOW. With respect to each and every Public Improvement, there shall be no change to the Construction Schedule, the Plans, the Approved Project Plans, the scope of the Work, the Actual Cost of a Public Improvement or amount due to SchoolsFirst and no extension of time unless such change in time, Plans, Approved Project Plans, scope of the Work or cost is set forth on an Approved PCOW for such Public Improvement. A design revision or construction change order or increase in the quantity of any unit price item over the bid quantity involving the Reimbursable Improvements shall be considered null and void for purposes of reimbursement hereunder unless approved in writing by both the Director and the SchoolsFirst Representative. 2.4.2 Changes to Approved Project Plans. City and SchoolsFirst acknowledge that following approval by the City and the other required Governmental Authorities of the Plans for a Public Improvement the City or any such Governmental Authority may, during design or construction, request or revisions to the Approved Project Plans that may result in increases in costs. City and SchoolsFirst agree that if, during design or construction, the City requests a revision to the Approved Project Plans for any Public Improvement following approval by the City and the other required Governmental Authorities of the Plans for such Public Improvements for purposes other than requiring Work to be corrected, removed, repaired or Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 19 replaced due to failure of such Work to comply with Governmental Requirements or to meet City or other Governmental Authority's inspection and/or acceptance requirements, then the cost of any such revision to the Approved Project Plans shall be an Approved Cost and SchoolsFirst shall have the right to consent to such revision or to any such to a Non -Reimbursable Public Improvement for which SchoolsFirst will incur increased out-of-pocket costs (after taking into account, if applicable, the reimbursement of Actual Costs by the City applicable to the specific Public Improvement). The cost of all other requested revisions to the Approved Project Plans for any Public Improvement by any Governmental Authority shall be an Actual Cost if and to the extent that City has approved such revisions to the Plans pursuant to Section 2.1 of this Agreement. In each case, SchoolsFirst shall promptly cause the proposed design revisions to be made to the Approved Project Plans for any Public Improvement and the Parties shall process a PCOW to address the impacts of any such change in the Approved Project Plans on the cost of Work and the Construction Schedule. SchoolsFirst shall not modify the Approved Project Plans for any Public Improvement without first obtaining the City's prior approval of such modification. In the event of any changes to the Approved Project Plans for any Public Improvement, SchoolsFirst shall provide a copy of the proposed change to the Approved Project Plans to City for review and approval prior to initiating any Work related to such change. 2.4.3 Constructability Review. SchoolsFirst represents and warrants that it has visited and examined and shall cause Contractor to visit and examine the land upon which the Work will be performed including property owned by SchoolsFirst and property owned by the City which shall be made available to SchoolsFirst pursuant to City issued encroachment permit ("Site"); that each has examined all physical conditions that are surface conditions that are not concealed, legal conditions, and other conditions affecting the Work, and that each has become sufficiently familiar therewith to perform the Work. In addition, SchoolsFirst has and shall cause Contractor to have reviewed the Plans and shall, prior to commencement of construction of any Facility, review the Approved Project Plans for such Facility for the constructability thereof from a cost and schedule perspective. SchoolsFirst shall rely on its own design Professionals to ensure that the Plans, including without limitation, the Approved Project Plans for each and every Facility conform to Site conditions and engineering practices consistent with the standard of care followed by licensed engineers in the design of similar improvements in Orange County, California. Section 2.5 Bonding Requirements 2.5.1 Provision of Bonds: Terms. Prior to the commencement of construction of any Public Improvement, SchoolsFirst shall cause the Contractor to (a) secure and provide to the City and to SchoolsFirst a Payment Bond for the Facilities to ensure payment of all Subcontractors, laborers and material suppliers with respect to the Public Improvements, which shall meet the requirements above and be substantially in the form of Exhibit N to this Agreement unless otherwise agreed by the City in its sole discretion and (b) secure and provide to the City and to SchoolsFirst a Performance Bond to ensure completion of the performance of the Work which shall be substantially in the form of Exhibit M to this Agreement unless otherwise agreed by the City in its sole discretion. Nothing in this Agreement shall limit or restrict the right of the Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 20 City to require performance and payment bonds for other work performed by SchoolsFirst with respect to the Project. 2.5.2 Additional Requirements. Any bond for the Public Improvements shall be (a) in an amount that is at least equal to 100% of the amount of the bid approved by the City pursuant to Section 2.3.3, or (b) if bids have not been received, in an amount equal to the amount of the engineer's estimate for the Public Improvements being bonded, including reasonable contingency. Each bond for the Public Improvements provided shall, unless otherwise agreed by the City in its sole discretion, be issued by a surety company duly authorized to issue such bonds in the State of California and rated "A" or better by A.M. Best and name the City as the sole obligee thereunder. Without the prior written approval of the City in its sole discretion, each Payment Bond and Performance Bond delivered by Contractor with respect to the Facilities shall not be terminated or modified in any respect prior to the Acceptance Date of the Public Improvement for which it was provided. 2.5.3 Increase in Security. To the extent that the cost of the Public Improvements is determined at any time by the Director to have increased such that the Payment Bond or any Performance Bond provided pursuant to this Section 2.5 is less than the then - estimated cost to complete the Public Improvements, the City may, in its sole discretion, require SchoolsFirst to (or to cause Contractor to) : (a) post a replacement Payment Bond (or provide a Rider to the original Payment Bond increasing the amount thereof) to secure such estimated additional costs, or (b) post a replacement Performance Bond (or provide a Rider to the original Performance Bond increasing the amount thereof) to secure such estimated additional costs. 2.5.4 Bond Costs. Actual Costs for each Public Improvement, shall include, without limitation, the cost of the Payment Bond procured by Contractor for such Public Improvements and the cost of Performance Bonds procured by Contractor for such Public Improvements and shall not include the cost of any additional performance or payment bonds that may be required by SchoolsFirst, unless otherwise agreed by the City in its sole discretion. 2.5.5 Release of Bonds. Any Payment and Performance Bonds for any Public Improvements shall be released (or reduced in amount) only as provided in Section 3.3 below. Section 2.6 Inspection; Completion of Construction 2.6.1 Inspection. The City shall be entitled to inspect the Facilities as it deems necessary to assure compliance with the Approved Project Plans, in each case including shop drawing review and material inspection thereof. The City shall have access to all phases of the Work for the Facilities for the purpose of such inspection. The City's personnel shall have access to the Site in accordance with the provisions of Section 8.8 of the DDA, for the purpose of accomplishing such inspections. The City will promptly notify SchoolsFirst of any portion of the Work on any Facility that appears not to conform to the Approved Project Plans for the relevant Facility. In addition, within five (5) Business Days following receipt of an inspection request from Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 21 SchoolsFirst, the City shall have its inspectors inspect the Work to confirm that such Work is accomplished in accordance with the Approved Project Plans for the relevant Facility. The determination of the City as to conformity of each Facility on the Site with the Approved Project Plans for each such Facility shall be made in the City's sole and absolute discretion. 2.6.2 Notice of Completion. Within fifteen (15) calendar days after the Acceptance Date of each Public Improvement pursuant to the procedures set forth in Section 3.2 below, SchoolsFirst shall file with the Orange County Clerk Recorder a Notice of Completion, in form acceptable to the Director, pursuant to the provisions of Section 8180 et seq. of the California Civil Code. Section 2.7 Maintenance of Facilities; Transfer of Interest; Transfer of Warranties to all Public Improvements 2.7.1 Maintenance of Facilities. Prior to the Acceptance Date of each Public Improvement, SchoolsFirst shall be responsible for maintaining (or causing the maintenance of) such Public Improvement in good and proper operating condition, and shall perform (or cause to be performed) such maintenance on such Public Improvement as the Director reasonably determines to be necessary. Except as otherwise set forth in this Agreement, SchoolsFirst shall have no maintenance responsibility with respect to any Completed Public Improvement after the Acceptance Date thereof. SchoolsFirst shall be responsible for the maintenance of each Non -Reimbursable Private Improvement following Completion at its sole cost and expense, and without reimbursement of any kind by the City. 2.7.2 Request for Acceptance of All Public Improvements. SchoolsFirst hereby acknowledges and agrees that title to the Public Improvements located on the Development Parcels or City owned property, including without limitation, right-of-way, shall be owned by the City upon installation thereof. Accordingly, at such time as SchoolsFirst delivers the Request for Acceptance to the Director, SchoolsFirst shall (a) execute three (3) duplicate originals of an Assignment Agreement, substantially in the form of Exhibit D, and (b) cause Contractor to execute three (3) duplicate originals of the consent to the Assignment Agreement in the form and substance of the consent attached thereto, which SchoolsFirst shall cause to be delivered to the City. Under the Assignment Agreement, among other things, SchoolsFirst shall assign to the City, and Contractor shall consent to the assignment by SchoolsFirst of, SchoolsFirst's right, title and interest, if any, in such Completed Public Improvement, and all warranties, express or implied, with respect to such Public Improvement, including without limitation all Warranties provided pursuant to the Construction Contract and Subcontracts for such Public Improvement effective as of the Acceptance Date, all in accordance with the procedures set forth in Section 3.2.1. The Warranties for each Public Improvement and all other warranty rights made in favor of or assigned to the City shall be consistent with the terms set forth on Exhibit I unless otherwise agreed by the City in its sole discretion and shall be in effect for a term of one year from the Acceptance Date of each Public Improvement accepted by the City. Any assignment of Warranties to the City shall be non-exclusive and shall not preclude SchoolsFirst from pursuing its own claims against Contractor and/or any Subcontractors, vendors, material manufacturers and suppliers with respect Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 22 to such Public Improvement. SchoolsFirst shall cause the provisions of this paragraph to be included in the Construction Contract for the express benefit of the City. Section 2.8 Insurance Requirements 2.8.1 Insurance Types and Levels of Coverage. SchoolsFirst shall either obtain and maintain for the term of this Agreement or shall cause Contractor to maintain from the effective date of the Construction Contract until the Acceptance Date of the Public Improvements, the insurance specified on Exhibit J in accordance with all requirements specified on said Exhibit. Likewise, each Professional shall be required to maintain from the effective date of the Professional Services Agreement until the Acceptance Date of the applicable Public Improvement for which services were performed, the insurance specified on Exhibit K in accordance with all requirements specified in said Exhibit. SchoolsFirst shall not in the Construction Contract, nor allow the Contractor in any Subcontract to, reduce or eliminate the insurance coverages required by Exhibit J and Exhibit K of this Agreement, including without limitation, by reducing the amounts of coverage, increasing the permitted self-insured retention or deductibles or reducing any requirements relating to the insurance carriers, ratings or types of insurance required without the prior written approval of the City, in its sole discretion. 2.8.2 Subcontractors' Insurance Requirements. SchoolsFirst shall not permit Contractor or any Subcontractor or other Persons to work on any Public Improvement or on the portions of the Site owned by the City until that Contractor, Subcontractor or other Person has complied with the general liability, automobile liability, and workers compensation insurance requirements specified in Section 5 of Exhibit J, including without limitation, the requirement that Contractor and each Subcontractor or other Person obtain endorsements naming the City and the other parties specified in said Exhibit as additional insureds on its general liability and auto liability insurance policy. Likewise, SchoolsFirst shall require in its Professional Services Agreement with each Professional that provides services in connection with a Public Improvement the requirement that, in addition to the insurance the Professional must maintain, Professional will not permit any subconsultants or other Persons who provide any portion of such services to commence such services until each subconsultant or other Person obtains and maintains the levels of insurance in accordance with the requirements set forth in Exhibit K. 2.8.3 Cijy Right to Procure Insurance. If SchoolsFirst fails to maintain or cause Contractor to maintain any insurance required hereby, the City may, upon ten (10) calendar days' prior written notice to SchoolsFirst, but shall not be obligated to, procure such insurance and recover the amount of the premiums therefor from SchoolsFirst or retain such amount from any monies due to SchoolsFirst under this Agreement. The failure of the City to procure any such insurance shall in no way relieve SchoolsFirst of its obligations under this Agreement nor shall it relieve SchoolsFirst of its obligation to enforce the obligations of Contractor under the Construction Contract. 2.8.4 No Limitation. Maintenance of insurance as required by this Agreement shall not be construed to limit the liability of SchoolsFirst or any Contractor or Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 23 Subcontractor to the coverage provided by such insurance, or otherwise limit the City's recourse to any remedy available at law or equity. Section 2,9 Liens and Ston Payment Notices 2.9.1 No Liens. SchoolsFirst shall keep the Site and all other property owned by the City free from any and all liens relating to the Work. SchoolsFirst shall obtain conditional and unconditional lien releases in accordance with applicable provisions of the California Civil Code from Contractor and all Contractor's Subcontractors, vendors, material supplier and other Persons performing any portion of the Work in accordance with the procedures specified on Exhibit L attached hereto. SchoolsFirst shall promptly notify the City in the event Contractor or any of its Subcontractors, vendors or material suppliers or other Persons refuse to deliver any such conditional and/or unconditional waiver and lien release. 2.9.2 Removal of Liens. SchoolsFirst shall, within thirty (30) calendar days following receipt of notice thereof (a) cause to be removed or bonded against (with bonds satisfying California statutory requirements), any and all mechanic's liens, stop payment notices and bonded stop payment notices that are recorded or served by SchoolsFirst, Contractor or other SchoolsFirst Parties in connection with the construction of any Facility, the Work or other work performed by or on behalf of SchoolsFirst, Contractor or the SchoolsFirst Parties, and (b) provide to the Director written evidence acceptable to the Director in his or her sole discretion of the withdrawal of any lien or lis pendens and/or notice of action that has been recorded against the Site as well as against any other property owned by the City in connection with such mechanic's lien claim. Notwithstanding the foregoing, SchoolsFirst may contest the amount, validity or application, in whole or in part, of any such mechanic's liens, stop payment notices and bonded stop payment notices; subject, however, to the further requirement that neither the Facility nor the Site nor any part or interest in either thereof would be in any danger of being sold, forfeited, attached or lost pending the outcome of such proceedings. If any such contest is finally resolved against SchoolsFirst, SchoolsFirst shall promptly pay the amount required to be paid, together with all interest and penalties accrued thereon. 2.9.3 Stop Payment Notices. If a stop payment notice is served upon the City, the City may, until the discharge or bonding thereof, withhold from the moneys under its control so much of said moneys due or to become due to SchoolsFirst under this Agreement as shall be equal to one hundred twenty-five percent (125%) of the amount stated in such stop payment notice. Any bond filed pursuant to this Section 2.9.3 shall comply with the provisions of California Civil Code Section 9364 and the requirements of Section 2.9.4. 2.9.4 Bond Requirements. Any bond filed with the City to satisfy the requirements of this Section 2.9 shall be issued by a corporate surety authorized to issue security bonds in the State of California in an amount equal to one hundred twenty-five percent (125%) of the claim stated in the mechanics' lien, material supplier's lien, stop payment notice or notice to withhold. Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 24 Section 2.10 Public Improvement Proiect Coordination With respect to communications regarding PCOWs, bonding, and/or Requests for Acceptance and all other matters relating to construction of each Public Improvement (collectively "Coordination Communications"), the City and SchoolsFirst designate the following individuals as their respective Project Coordinators. All Coordination Communications shall go through the SchoolsFirst Representative. (a) City Representative. Ken Nishikawa, telephone: (714) 573- 3389, e-mail: knishikawaAtustinca.org shall be the City's representative and contact person. (b) SchoolsFirst Representative. Christina Quintero, Vice President of Facilities Services, telephone: (714) 258-7444, e-mail: cquintero ,schoolsfirstfcu.org shall be SchoolsFirst's representative and primary contact person. The City and SchoolsFirst may, at any time, change their respective representatives by providing written notice to the other Party. Section 2.11 Encroachment Permit; Access Prior to commencement of Work in any public right of way, SchoolsFirst shall, or shall cause Contractor to, obtain an encroachment permit for such Work from the City, which shall be issued by the City upon satisfaction of the standard requirements for issuance by the City of such encroachment permits. Access to such City -owned property shall be permitted only upon issuance of such encroachment permit. Section 2.12 Warranties and Guarantees for Public Improvements SchoolsFirst shall include in the Construction Contract as an obligation of Contractor and shall cause Contractor to include in each Subcontract, a requirement for a written guarantee for each Public Improvement against defects in workmanship and materials for the periods specified in Section 2.7 in the, form and substance of the guarantee and warranty provisions set forth in Exhibit J or as otherwise approved by the City in its sole discretion. SchoolsFirst shall not reduce or modify the guarantee or Warranty coverage provided by such provisions or the time period in which such guarantees or warranties remain in effect, nor permit Contractor to do the same with respect to any Subcontract, without the prior written approval of the Director. The Warranties as to each Public Improvement shall remain in effect for a period of one (1) year commencing from the date of Final Acceptance of the Work on such Public Improvement by the City (or, in the case of landscape improvements included in any Public Improvement, if any, one hundred and twenty (120) calendar days from Completion thereof). Prior to the Acceptance Date of each Public Improvement, SchoolsFirst shall provide all Warranty paperwork, if any, to the City. No Final Acceptance by the City of any Public Improvement shall operate as a waiver or release with respect Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 25 to any warranties (including without limitation, any Warranties) applicable to the Work, or the Public Improvements, or any rights or remedies pertaining to any of the foregoing. Section 2.13 Disclaimer of Responsibility With respect to the Plans and any Approved Project Plans with respect thereto, the City hereby disclaims all responsibility therefor, including, without limitation, any duty to SchoolsFirst or any other Person to review or inspect any matter in connection with the design, development or construction of such Work whether regarding the quality, adequacy or suitability of improvement plans, any labor, service, equipment or material furnished for development of the Work, any Person furnishing same, or otherwise. The review by the City of any design submittals shall not constitute the assumption of any responsibility by, or impose any liability upon, the City as to the accuracy, efficacy, sufficiency or legality thereof nor decrease or diminish any liability, duties, responsibilities, or obligations of SchoolsFirst under this Agreement or of Contractor or any Subcontractor under their respective construction contracts, or otherwise. The provisions of this Section shall survive the termination of this Agreement. ARTICLE III ACQUISITION OF PUBLIC IMPROVEMENTS Section 3.1 Transfer of Ownership of Public Improvements 3. 1.1 Transfer. Upon Completion of each Public Improvement, SchoolsFirst shall transfer such Public Improvement to the City in accordance with the terms and conditions of this Article III. Ownership of each Public Improvement shall be transferred to the City as of the "Acceptance Date" of such Public Improvement, which shall be memorialized in the Assignment Agreement provided by SchoolsFirst to the City in accordance with the requirements of Section 2.7 and Section 3.2.1. SchoolsFirst shall be responsible for maintenance of each Public Improvement in a good and operable condition until the Acceptance Date. SchoolsFirst shall deliver each Public Improvement to the City in good and operable condition. Notwithstanding the fact that some or all of the Public Improvements may be constructed in dedicated street rights-of- way or on property that is not owned by SchoolsFirst, each Public Improvement shall be and remain the property of SchoolsFirst until title thereto or ownership thereof is conveyed as provided herein. 3.1.2 Public Improvements located within the Public Right of WgY or on Property Owned by the City. With respect to Public Improvements that are located in the public right-of-way or on other real property owned by the City, the City will have title to such Public Improvement and each component thereof upon installation thereof due to the City's interest in the real property on which such Public Improvement is located. Upon the Acceptance Date for each such Public Improvement, SchoolsFirst shall provide the City with an assignment of all Warranties with respect to such Public Improvement which have received Final Acceptance in accordance with the requirements of Section 2.7 and Section 3.2.1. In addition, SchoolsFirst shall Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 26 cooperate with the City and shall execute such other instruments as the City may request to confirm City's ownership of such Facilities and related improvements. 3.1.3 Public Improvements located on Property Owned by SchoolsFirst. With respect to each Public Improvement that is located on property owned by SchoolsFirst, if any, the City shall not have title to such Public Improvement until the conveyance of such Public Improvement to the City following the Acceptance Date, but shall receive an assignment of all Warranties with respect to such Public Improvement thereof in accordance with the requirements of Section 2.7 and Section 3.2.1. Section 3.2 City Final Acceptance Process 3.2.1 Request for Acceptance. Pursuant to Section 2.6.1, at such time as the City's inspectors are satisfied that a Public Improvement has been completed substantially in accordance with the Approved Project Plans therefor, SchoolsFirst shall provide written notice to the Director in the form of a "Request for Acceptance" substantially in the form of Exhibit E, in accordance with the following process; provided that, notwithstanding any other provision of this Agreement, in no event shall SchoolsFirst request or City be required to take title (as opposed to an assignment of Warranties) to any Public Improvement unless: (a) such Public Improvement is located in the public right-of-way or upon real property owned by the City; (b) the City takes title to the Development Parcels pursuant to Section 15.3 or Section 15.4 of the DDA; or (c) otherwise agreed by City and SchoolsFirst, each in its sole discretion. (a) Information Provided with Request. SchoolsFirst shall deliver to the Director: (i) a complete fully executed Request for Acceptance of each Public Improvement, together with all attachments referenced therein to be included with such request; (ii) a final accounting of the Actual Cost incurred in constructing the Reimbursable Improvement comprising the Public Improvement for which Acceptance is sought, if any, together with supporting receipts and documentation; (iii) lien releases in accordance with the procedures set forth on Exhibits E and L attached hereto; (iv) three duplicate originals of the Assignment Agreement for the Public Improvement signed by SchoolsFirst, with the effective date left blank in Section 2 of said Assignment Agreement for completion as provided in Section 3.2.1(c), and (v) as -built drawings and one (1) copy of the Contractor's redlined set of "record" drawings (showing all revisions as required by the City) and one (1) copy of the compaction reports and certificate for the Public Improvement trench zones, survey notes and cut sheets. (b) Review of Information by Director: Final Approved Cost. If a Request for Acceptance is incomplete, City shall have ten (10) Business Days to provide SchoolsFirst with written notice thereof, including an itemized list of materials or information needed for the Request for Acceptance to be considered complete. Upon receipt of a complete and fully executed Request for Acceptance (and accompanying documentation and such other documentation related to the Work as the Director may reasonably request) for a Public Improvement, the Director, acting in a Governmental Capacity, shall conduct a final review of the Request for Acceptance and accompanying documentation specified in subsection (a) above and Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 27 this subsection (b) in order to: (i) confirm that such Public Improvement was constructed substantially in accordance with the Approved Project Plans and has been Completed; (ii) examine the final accounting provided by SchoolsFirst and verify and approve the Actual Cost and the Final Approved Cost of any component of such Public Improvement comprising a Reimbursable Improvement; (iii) confirm that all information provided with the Request for Acceptance is accurate; (iv) confirm that any mechanic's and material supplier's liens filed in connection with construction of such Public Improvement have been removed and the statutory time periods for filing of any such liens has expired, or provide evidence that a lien release bond has been filed in an amount equal to 125% of the amount of the claim of lien and otherwise complying with the requirements of the California Civil Code for release of a mechanic's or material supplier's lien ("Lien Release Bond"); and (v) confirm that the lien releases as described in Sections 2.9.1 and 3.2.1 fahave been delivered by SchoolsFirst or Lien Release Bonds delivered by SchoolsFirst or Contractor. SchoolsFirst agrees to cooperate with the Director in conducting each such review and to provide the Director with such additional information and documentation as is reasonably necessary for the Director to conclude each such review. The City agrees to cause the Director to commence such review within ten (10) Business Days of receipt of such Request for Acceptance and to thereafter complete such review without unreasonable delay (and in any event, within ten (10) Business Days of the Director's receipt of a fully complete and executed Request for Acceptance together with all attachments referenced therein to be included with such request). If the Director determines that the Actual Cost specified in such Request for Acceptance for a Reimbursable Improvement exceeds SchoolsFirst's actual costs to construct the Reimbursable Improvement as verified by the supporting information provided by SchoolsFirst or contains any amounts not included in the definition of Actual Cost contained in Section 1.1 (e.g., the Construction Cost of the Reimbursable Improvement exceeds the Contract Price for such Reimbursable Improvement as modified by any cost changes as set forth in any Approved PCOW), then SchoolsFirst shall either (a) meet with the Director to provide information why SchoolsFirst believes the Director's determination is in error and resolve such discrepancy to the Director's satisfaction, in the Director's sole discretion or (b) resubmit such Request for Acceptance with the Actual Cost specified therein modified so as to take into account such determination by the Director. With respect to Reimbursable Improvements, the final Actual Cost approved by the Director for such Reimbursable Improvement shall be used to calculate the Final Approved Cost under this Agreement, which shall be used in connection with Final Acceptance of any Reimbursable Improvement included in the Reimbursable Improvements and for all other purposes set forth in this Agreement. The Director shall notify SchoolsFirst of the Final Approved Cost in the executed Request for Acceptance returned to SchoolsFirst which shall be executed upon satisfaction of the conditions set forth in Section 2.7 and this Section 3.2. (c) Final Acceptance by City: Acceptance Date. With respect to Public Improvements only, upon (x) approval by the Director of the items specified in Section 3.2.1 (b) and (y) approval by the City of the Request for Acceptance with respect to each such Public Improvement, the Director shall execute and issue the Request for Acceptance countersigned by the Director to evidence the Final Acceptance applicable thereto. The "Acceptance Date" of each Public Improvement shall be the date when all of the following have Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 28 been deemed complete to the satisfaction of the Director acting in a Governmental Capacity: (i) the Director has completed its review of the Request for Acceptance and accompanying documentation; (ii) the Director has confirmed that all information provided with the Request for Acceptance is accurate and that the Public Improvement has been constructed substantially in accordance with the Approved Project Plans therefor and is Completed; (iii) the Director has verified the final accounting provided by SchoolsFirst and provided the Final Approved Cost for any Reimbursable Improvement to SchoolsFirst; (iv) any mechanic's and material supplier's liens filed in connection with construction of the Public Improvement have been removed and the statutory time periods for filing of any such liens has expired, or Lien Release Bonds have been filed; (v) the Director has confirmed that the lien releases as described in Sections 2.9.1 and 3.2.1 a have been delivered by SchoolsFirst or bonds have been filed; (vi) the Director has approved the Assignment Agreement for the Completed Public Improvement, and (vii) the City has approved the Request for Acceptance with respect to such Public Improvement and agreed to take ownership of such Public Improvement. Upon the Acceptance Date with respect to each Public Improvement, the Director shall (a) sign the Request for Acceptance and insert the Acceptance Date of the Public Improvement and, with respect to Reimbursable Improvements only, insert the Final Approved Cost, in the "Approval by City" section of the signed Request for Acceptance, (b) sign the three duplicate originals of the Assignment Agreement and insert the Acceptance Date in Section 2 thereof, and (c) return the fully completed and signed Request for Acceptance and two fully completed and signed duplicate originals of the Assignment Agreement to SchoolsFirst. (d) SchoolsFirst Actions Upon Receipt of Approved Request. Upon SchoolsFirst's receipt of the documentation described in clause (c) above from the City, as to each Public Improvement, SchoolsFirst shall, within ten (10) days of receipt of such documents, return one fully signed duplicate original of the Assignment Agreement to the City. (e) Maintenance Expenses for Reimbursable Improvements. Within thirty (30) days of City's Final Acceptance of any Reimbursable Improvement, SchoolsFirst and the City will meet and review the actual costs of maintenance incurred that were not paid by the City as part of the Final Approved Cost, after which the City shall promptly reimburse SchoolsFirst for any shortfall in the cost of maintenance paid to SchoolsFirst or if the City has overpaid for any such maintenance costs when the payment was paid, SchoolsFirst shall promptly reimburse the City for the amount of any such overpayment. 3.2.2 Reimbursable Improvement Modifications. SchoolsFirst shall not make modifications in the composition of any Public Improvement without the City's prior written approval. Section 3.3 Release of Bonds Notwithstanding any other provision of this Agreement, any Performance Bonds and Payment Bonds provided by Contractor or any other Person as security under this Agreement for the construction of any Public Improvement will be released (or reduced) upon the Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 29 Acceptance Date of such Public Improvement, provided that the City shall have the right to retain ten percent (10%) of the Performance Bond (or accept, in its sole discretion, a separate replacement bond to cover the Warranty) to guarantee such Public Improvement will be free from defects due to faulty workmanship or materials for one year from Final Acceptance of such Public Improvement; provided however that, such one year period shall not shorten the period of any Warranty assigned to the City pursuant to an Assignment Agreement as described in Section 3.2.1. ARTICLE IV PAYMENTS, REIMBURSEMENT PROCEDURES AND RECONCILIATION FOR PUBLIC IMPROVEMENTS Section 4.1 Final Accounting; Payment for Public Improvements Promptly after Completion of each Public Improvement, SchoolsFirst shall complete a Request for Acceptance and submit such request, along with a final accounting of the Actual Costs incurred in Completing the Reimbursable Improvements, if any, comprising part of its Request for Acceptance and all other supporting documentation, to the City in accordance with the procedures set forth in Section 3.2.1. In the final accounting of the Actual Costs of any Reimbursable Improvement, SchoolsFirst shall include the costs incurred (or reasonably anticipated to be incurred) in connection with maintenance of such Reimbursable Improvement between the date of Completion of same and the Acceptance Date. Section 4.2 Maintenance. The maintenance of the Public Improvements shall not be the responsibility of the City prior to the Acceptance Date and shall be the responsibility of SchoolsFirst at SchoolsFirst's sole expense. Following the Acceptance Date, maintenance of the Public Improvements shall be the responsibility of City unless otherwise provided by the Landscape Installation and Maintenance Agreement. Section 4.3 Payee; Time for Payment All payments by the City to SchoolsFirst pursuant to this Agreement shall be paid within thirty (30) calendar days [INSERT TIMEFRAME], made payable to " and sent to at attn: Section 4.4 Survival of Provisions The provisions of this Article IV shall survive the termination of this Agreement. Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 30 ARTICLE V REPRESENTATIONS, WARRANTIES AND COVENANTS; INDEMNIFICATION Section 5.1 Representation and Warranties of SchoolsFirst 5.1.1 SchoolsFirst makes the following representations and warranties for the benefit of the City: (a) Organization. That it is a federally chartered credit union duly organized, validly existing and in good standing under federal regulations regulating charters, is authorized to conduct business and is in good standing under the laws of the State, and has the power and authority to own its properties and assets and to carry on its business as now being conducted and as now contemplated. (b) Authori . That it has the power and authority to enter into this Agreement, and has taken all actions necessary to cause this Agreement and the Construction Contract to be executed and delivered, and this Agreement has been duly and validly executed and delivered on behalf of SchoolsFirst. (c) Binding Obli ag tion. That this Agreement is a valid and binding obligation of SchoolsFirst and is enforceable against SchoolsFirst in accordance with its terms, subject to bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors' rights in general and by general equity principles. (d) No Legal Impediment. That it is not aware of any legal impediment that would make infeasible SchoolsFirst's proceeding with and completing the construction of the Facilities. 5.1.2 In the Construction Contract, SchoolsFirst shall cause Contractor to make the following representations and warranties in favor of SchoolsFirst and the City, which shall be an express third party beneficiary with respect to Contractor's representations and warranties in such Construction Contract: (a) Organization. That it is a California limited liability company duly organized, validly existing and in good standing under the laws of the State of California, is authorized to conduct business and is in good standing under the laws of the State, is a licensed general contractor in good standing under the laws of the State and has the power and authority to own its properties and assets and to carry on its business as now being conducted and as now contemplated. (b) Authority. That it has the power and authority to enter into this the Construction Contract, and has taken all actions necessary to cause the Construction Contract to be executed and delivered, and this Agreement has been duly and validly executed and delivered on behalf of Contractor. Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 31 (c) Binding Obligation. That the Construction Contract is a valid and binding obligation of Contractor and is enforceable against Contractor in accordance with its terms, subject to bankruptcy, insolvency, reorganization or other similar laws affecting the enforcement of creditors' rights in general and by general equity principles. (d) No Legal Impediment. That it is not aware of any legal impediment that would make infeasible proceeding with and completing the construction of the Facilities. Section 5.2 Covenants of SchoolsFirst and Contractor SchoolsFirst hereby makes the following covenants for the benefit of the City: (a) Completion of Facilities. It will use its reasonable and diligent efforts to do all things that may be lawfully required of it in order to cause the Facilities to be completed in accordance with this Agreement. (b) Compliance with Laws. In carrying out its obligations under this Agreement and in causing the construction of the Facilities, SchoolsFirst shall, and shall cause Contractor to, comply with all applicable Governmental Requirements. During the period while the Facilities are owned by SchoolsFirst or required to be maintained by SchoolsFirst pursuant to this Agreement, SchoolsFirst will not commit, suffer or permit any of its agents, employees or Contractor to commit any act to be done in, upon or to the Facilities in violation of any applicable Governmental Requirement. In addition, with respect to any Work performed on the Development Parcels, SchoolsFirst shall comply with the applicable provisions of the Special Restrictions, the DA and the DDA and shall cause Contractor to comply with and cause each of its Subcontractors to comply with the applicable terms of the DA and the DDA and the terms of the Special Restrictions pertaining to construction period maintenance. (c) Request for Acceptance. It will not submit a request for payment under this Agreement for the costs of any improvements that are not part of the Reimbursable Improvements; and it will diligently follow all procedures set forth in this Agreement with respect to each Request for Acceptance for a Completed Public Improvement. (d) Financial Records. Until the Acceptance Date of each Reimbursable Improvement, (i) it will maintain proper books of record and account for each such Reimbursable Improvement and all costs related thereto, (ii) it shall have a right to access the books of record and account of Contractor relating to each such Reimbursable Improvement and all costs related thereto, and (iii) its books of record and account for each such Reimbursable Improvement and all costs related thereto and the books of record and account of Contractor relating to the same will be available for inspection by the City within ten (10) calendar days after the City submits a written request to SchoolsFirst requesting that such books of record and account be made available for inspection. Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 32 (e) Environmental Matters Relating to Public Improvements. With respect to each Public Improvement, it will not use, generate, manufacture, procure, store, release, discharge or dispose of (whether accidentally or intentionally) at any time on or prior to the later of the Acceptance Date of such Public Improvement by the City, any Hazardous Materials on, under or in such Public Improvement or the Site of any such Public Improvement, or transport (whether accidentally or intentionally) any Hazardous Materials to or from such Public Improvement or such Site, in violation of any federal, State or local law, ordinance, regulation, rule or decision regulating Hazardous Materials in effect at the time of such use, generation, manufacturing, procurement, storage, release, discharge, disposal or transportation, other than for any Hazardous Materials that may be contained in the materials or components of such Public Improvement as required by the Approved Project Plans or incidental uses of Hazardous Materials by SchoolsFirst, Contractor or other Persons retained by SchoolsFirst that are in full compliance with all Environmental Laws and all other Governmental Requirements. In addition to the foregoing, SchoolsFirst hereby agrees that all covenants contained in this Section 5.2.2, subdivision(e) shall be included in the Construction Contract and Contractor shall therein make such covenants for the benefit of City. In addition, the Construction Contract shall require that Contractor include such covenants in all contracts between Contractor and Subcontractors for the Project and shall require each Subcontractor to make such covenants for the benefit of the City and SchoolsFirst. SchoolsFirst hereby covenants and agrees that it shall cause Contractor to make the City an express third party beneficiary of each such Subcontract with respect to such covenants and provisions. (f) Permits. It shall obtain all governmental or other permits required to proceed with the construction of the Facilities and that, with respect to Public Improvements only it will pay all fees relating thereto that are required to be paid, which permit fees shall be included in the Actual Cost of each Reimbursable Improvement for which the City is responsible to reimburse SchoolsFirst. (g) Contractor Covenants. It shall cause the Contractor, in the Construction Contract, to make the covenants set forth in Exhibit O in favor of SchoolsFirst and the City, and shall make City an express third party beneficiary with respect to Contractor's covenants in such Contract: Section 5.3 Representations and Warranties of the City The City represents and warrants for the benefit of SchoolsFirst that the City has the power and authority to enter into this Agreement, and has taken all action necessary to cause this Agreement to be executed and delivered, and this Agreement has been duly and validly executed and delivered on behalf of the City and that it is a valid and binding obligation of the City and is enforceable against the City in accordance with its terms. Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 33 Section 5.4 Indemnification by SchoolsFirst 5.4.1 Indemnification and Other Obli ations. SchoolsFirst shall, to the maximum extent permitted by law, indemnify, protect, defend (with counsel reasonably acceptable to the City), assume all responsibility for and hold harmless the City, the Successor Agency to the City of Tustin Redevelopment Agency, the Tustin Finance Authority and their respective elected and appointed officials, employees, consultants, contractors, affiliates, attorneys, representatives and agents ("City Indemnitees") from and against any and all Claims resulting or arising from or in any way connected with; (a) the construction, installation or maintenance of the Work or any portion thereof by SchoolsFirst, Contractor or any of the SchoolsFirst Parties; (b) the terms of any Construction Agreement or Subcontract; (c) the untruth or inaccuracy of any representation or warranty made by SchoolsFirst in this Agreement, in any Request for Acceptance or in any certifications delivered by SchoolsFirst pursuant thereto; (d) the Release, threatened release, storage, treatment, transportation or disposal of any Hazardous Materials on, under, in, from or to the Site or any other property through the negligent act or omission to act of SchoolsFirst, Contractor or the SchoolsFirst Parties (provided, however, that (i) any material or component required by the Approved Project Plans to be installed in connection with the construction of any Public Improvement shall not be considered to be Hazardous Materials even if said Approved Project Plans specified material or component contains Hazardous Materials and (ii) SchoolsFirst shall not be obligated under this Section 5.4.1 for the disposal of Hazardous Materials that are taken to a disposal site chosen by the City, which disposal site shall be appropriate for the material to be disposed of and shall, to the extent possible, be a reasonable distance from the Site) (collectively, the types of Claims described in subpart (d) are "Environmental Claims"); (e) any act or omission of SchoolsFirst, Contractor or the SchoolsFirst Parties in connection with the construction, installation or maintenance of the Work or any portion thereof, including without limitation noncompliance with any covenants made by SchoolsFirst in this Agreement and (f) any breach by SchoolsFirst of any of its representations, warranties, covenants or obligations set forth in this Agreement. If SchoolsFirst fails to defend any Claim pursuant to its obligations hereunder, the City shall have the right, but not the obligation, to defend the same and charge all of the direct or incidental costs of such defense, including any third party fees or costs paid for by the City (including but not limited to bills from the City's contract City Attorney related to this Agreement), to and recover the same from SchoolsFirst. Nothing contained herein shall limit the right of SchoolsFirst to pursue any remedies at law or in equity against Contractor for reimbursement if SchoolsFirst is required to indemnify the City hereunder. 5.4.2 Local, State and Federal Laws. SchoolsFirst shall carry out the construction of the Project, including all Improvements, in conformity with all Governmental Requirements, including all applicable federal and State labor laws and regulations and shall investigate the applicability of and, if and to the extent applicable, pay prevailing wages meeting the requirements of such laws and regulations; provided, however, that SchoolsFirst reserves the right to reasonably contest such laws and regulations. SchoolsFirst hereby agrees that, with respect to the Project, SchoolsFirst shall be fully responsible for determining whether the foregoing wage requirements are applicable and agrees to indemnify, defend and hold the City and its elected and appointed officials, employees, agents, attorneys, affiliates, representatives, contractors, Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 34 successors and assigns free and harmless from and against any and all Claims arising from or related to compliance by SchoolsFirst or SchoolsFirst's officers, directors, employees, agents, representatives, consultants and/or contractors (at every tier) in construction of the Project with the prevailing wage requirements imposed by any applicable federal and State labor laws. 5.4.3 Limitations on Section 5.4.1 Obligations. Notwithstanding the foregoing, SchoolsFirst shall not have any obligations under Section 5.4.1 or Section 5.4.2 to the extent that any Claim arises out of, is related to or by reason of or as a consequence of: (a) the use or operation of a Public Improvement after the Acceptance Date of such Public Improvement determined in accordance with this Agreement, unless such Claim results from (i) defective Work or the defective or improper construction or installation of the Work on such Public Improvement or (ii) maintenance of the Work prior to the Acceptance Date thereof (except that with respect to any Public Improvement, nothing herein shall limit or restrict the indemnity or maintenance obligations of SchoolsFirst or any other Person pursuant to the DDA or any Other Agreement); (b) to the extent required by California Civil Code Section 2782, the active negligence or willful misconduct of any of the City Indemnitees; (c) any breach by the City of any of its representations, warranties, covenants or obligations set forth in this Agreement or any representations, warranties, covenants or obligations set forth in the DDA, DA or the Other Agreements relating directly to any environmental matters giving rise to any Environmental Claim; or (d) any pre-existing condition, pre-existing circumstance or pre-existing Hazardous Material on the Site or any adjoining property; provided that SchoolsFirst, Contractor and/or the SchoolsFirst Parties do not cause any additional Release of such pre-existing Hazardous Material. 5.4.4 Survival. The provisions of this Section 5.4 shall survive the termination of this Agreement until the expiration of the applicable statute of limitations for such Claims. ARTICLE VI REMEDIES; TERMINATION; DAMAGES Section 6,1 Termination for Cause by City 6. 1.1 Grounds for Termination for Cause b,�Citv_. The following events shall be deemed "Cause" for termination and shall constitute grounds for the City, at its option, to terminate this Agreement for Cause: (a) Voluntary Bankruptcy Filing. SchoolsFirst shall voluntarily file for reorganization or other relief under any Federal or State bankruptcy or insolvency law; (b) Involuntary Bankruptcy Filing. SchoolsFirst shall have any involuntary bankruptcy or insolvency action filed against it which is not dismissed within ninety (90) calendar days, or shall suffer a trustee in bankruptcy or insolvency or receiver to take possession of the assets of SchoolsFirst where possession is not restored to SchoolsFirst in ninety (90) calendar days; Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 35 (c) Abandonment of Construction. Except to the extent that SchoolsFirst's obligation to construct the Facilities is suspended by an Authorized Extension, Force Majeure Delay , SchoolsFirst shall abandon or substantially suspend construction of the Facilities for a period of one hundred and eighty (180) consecutive calendar days; (d) Material Breach of Agreement. SchoolsFirst shall breach any material covenant or default in the performance of any material' obligation required of it under this Agreement, or any representation or warranty of SchoolsFirst set forth herein or in any certifications delivered by SchoolsFirst hereunder shall prove to have been false or misleading in any material respect when made or deemed made; (e) Failure to Commence Construction or Diligently Prosecute to Completion. SchoolsFirst shall fail to commence construction of each Facility in accordance with the Construction Schedule attached as Exhibit F, or, subject to a Force Majeure Delay or an Authorized Extension, SchoolsFirst shall fail to diligently prosecute the construction of each Facility to completion in accordance with the Construction Schedule and the Approved Project Plans; (f) Default or Failure to Pay under Construction Contract. SchoolsFirst shall be in default in its obligations under the Construction Contract or Contractor shall fail to pay Subcontractors, vendors and/or material suppliers or manufacturers for labor or materials in a timely manner in accordance with the Construction Contracts; (g) Assignment Without Consent. SchoolsFirst shall not transfer any of its rights or obligations under this Agreement, without the prior written consent of the City. (h) Failure to Complete. SchoolsFirst or Contractor shall fail to Complete the Facilities by the time set forth in the Construction Schedule as the same may be extended for the reasons provided in subsection (e) above. 6.1.2 Termination for Cause, Cure Rights. If the City intends to terminate this Agreement as a result of the occurrence of any event listed in Section 6. 1.1 (i.e., for "Cause"), the City shall first notify SchoolsFirst in writing of such intention and of the grounds for such termination. With respect to any notice of termination for Cause delivered by the City pursuant to Section 6.1.1(c) through <h), SchoolsFirst shall have thirty (30) calendar days after the date such notice is received or deemed to be received to eliminate or mitigate to the satisfaction of the City the grounds for such termination or if such cure cannot be reasonably accomplished within such thirty (30) day period, shall have a total of ninety (90) calendar days after the date the notice of default is received or deemed to have been received by SchoolsFirst to complete such cure, but only if SchoolsFirst has commenced such cure within such thirty (30) day period and diligently pursues such cure to completion, or shall have such longer period of time as may be expressly agreed by the City in its sole discretion. If an event listed in Sections 6.1.1(d) through -h) of this Agreement occurs due to action or inaction by Contractor, and such event is not caused by action Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 36 or inaction on the part of SchoolsFirst, after notice and passage of the applicable cure periods, such event shall be a default by SchoolsFirst as well, provided that SchoolsFirst may cure such event by terminating its Construction Contract with Contractor, replacing the then Contractor with a licensed contractor in the State approved by City and SchoolsFirst, each in its sole discretion, replacing the Payment Bond and Performance Bond provided under this Agreement and otherwise eliminating or mitigating such event to the satisfaction of the City no later than ninety (90) calendar days after the date the notice of default is received or deemed to have been received by SchoolsFirst, or such longer period of time as may be expressly agreed by the City in its sole discretion; it being understood that any costs related to such cure shall not be included in Actual Costs unless otherwise approved by the City in its sole discretion. If, at the end of the applicable cure period (or any extension thereof), SchoolsFirst has not eliminated or completely mitigated such grounds for termination to the satisfaction of the City, the City may then terminate this Agreement for Cause by delivering a written notice of such termination to SchoolsFirst. The City shall have the right to terminate this Agreement for Cause upon provision of written notice to SchoolsFirst upon the occurrence of either of the events described in Section 6.1.1(a) or (b) and without cure period provided to SchoolsFirst. 6.1.3 City Termination Rights. Upon termination for Cause, the City may, but shall not be obligated to, do any or all of the following: (a) with respect to Facilities located upon property owned by the City, take possession of the Site on which the Facilities are being constructed and all of the materials, equipment, tools and construction thereon; (b) acquire any Facility that has not been Completed prior to the termination date, and/or (c) Complete the Work related to any Facility or any portion thereof by whatever reasonable method the City may deem expedient or complete the acquisition, construction and installation of any Facilities not theretofore acquired from SchoolsFirst pursuant to Section 3.2.1 and the City may use all or any portion of funds it receives as a result of calling Performance Bonds to pay for such construction and installation. 6.1.4 City Remedies in Event of SchoolsFirst Default. If this Agreement is terminated for Cause by the City pursuant to this Section 6. 1, SchoolsFirst shall have no claim or right to any payments for any portion of the Work performed after the termination date, and the City may, at its election, Complete all or any portion of the Public Improvements, in which event it may use whatever services, materials and equipment it deems appropriate to Complete the Public Improvements. In addition, if the expense to the City of Completing any Public Improvement (together with the amount previously paid to SchoolsFirst for performance of Work on any such Facility comprising a Reimbursable Improvement pursuant to this Agreement, if applicable) exceeds the Contract Price for such Facility, then SchoolsFirst shall be liable for (a) the actual cost to Complete such Work relating to such Facility together with the costs of staff (billed at then current hourly rates) and third party consultants incurred by the City in connection with such Work in excess of the Contract Price as amended by PCOW and all other amounts due to the Contractor and Subcontractor(s) with respect to such Work and not then paid and (b) all additional actual damages, including attorneys', experts' and consultants fees and costs together with the costs of staff (billed at then current hourly rates) in connection with the foregoing, but excluding anticipatory or unearned profits, suffered by the City in connection with the Public Improvements Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 37 as a result of the termination for Cause by the City. The performance of the Work on the Public Improvements shall be secured by the Performance Bonds and Payment Bonds. The City shall have all rights and remedies available at law or equity and nothing in this Agreement is intended to limit . any legal or equitable rights or remedies of the City in the event of any failure by SchoolsFirst to perform the Work as required under this Agreement. Notwithstanding anything to the contrary in this Agreement, City hereby expressly waives, releases and relinquishes any and all rights to any expectation, anticipation, indirect, consequential, exemplary or punitive damages or losses. Section 6.2 Time is of the Essence SchoolsFirst acknowledges that time is of the essence with respect to this Agreement and the commencement and completion of construction of the Work. Section 6.3 Remedies in General; Damages Limited SchoolsFirst acknowledges that the City would not have entered into this Agreement if the City could become liable for significant damages under or with respect to this Agreement and the Other Agreements. Consequently, and notwithstanding any other provision of this Agreement, except for the payment of attorneys' fees and court costs due pursuant to Section 7.5 of this Agreement, the City shall not be liable in damages under this Agreement to SchoolsFirst or to any Successor Owner and SchoolsFirst hereby waives any and all rights to claim damages under this Agreement of any kind or nature from the City except as may be specifically set forth in this Section. The limitations on damages set forth in this Section shall not preclude SchoolsFirst from seeking specific performance of the City or from seeking reimbursement of amounts owed by the City to SchoolsFirst pursuant to this Agreement; provided, however, that SchoolsFirst shall not be entitled to any damages in addition to the actual amounts owed by the City to SchoolsFirst as set forth in this Agreement. The City shall in no event be liable for any expectation, anticipation, indirect, consequential, exemplary or punitive damages or losses. Section 6.4 Survival The provisions of this Article VI shall survive the termination of this Agreement. ARTICLE VII MISCELLANEOUS Section 7.1 Independent Contractor In performing under this Agreement, it is mutually understood that SchoolsFirst is acting as an independent contractor is not an agent of the City. The City shall not have any responsibility for payment directly to Contractor, or payment to any Subcontractor, material supplier, material manufacturer or vendor, or other Persons engaged by SchoolsFirst or Contractor or Subcontractors at any tier and shall have no responsibility for any debt or obligation of SchoolsFirst. Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 38 Section 7.2 Binding on Successors and Assigns; Restrictions on Assignment Neither this Agreement nor the duties and obligations of SchoolsFirst hereunder may be assigned to any Person except in connection with an assignment of all of SchoolsFirst's right, title and interest under the DDA and in such event only to the assignee of SchoolsFirst with respect to such interest; provided, however, that the foregoing is not intended to prohibit SchoolsFirst entering into the Construction Contract or other construction or consulting contracts in connection with the construction of the Facilities that are in compliance with all requirements of this Agreement or the collateral assignment of this Agreement to the Permitted Mortgagee under the Construction Loan encumbering the Development Parcels. Such assignment shall be subject to consent of the City in accordance with the requirements and standards set forth in the DDA. This Agreement may be assigned by the City to any agency or instrumentality of the City, including the Tustin Public Financing Authority or to the community facilities district issuing public finance bonds for the Facilities, if any, without the prior consent of SchoolsFirst, with written notice of such assignment provided to SchoolsFirst within thirty (30) calendar days of such assignment. The agreements and covenants included herein shall be binding on and inure to the benefit of the permitted assigns and successors -in -interest of the Parties hereto. The qualifications of Contractor are very important to SchoolsFirst and City and, except in connection with a default by Contractor under this Agreement or the Construction Contract, SchoolsFirst shall not terminate C.W. Driver, LLC, as Contractor or retain any other contractor or subcontractor to perform the Work without the prior written consent of the City in its sole discretion. Section 7.3 Amendments This Agreement may be amended only by an instrument in writing executed and delivered by the City and SchoolsFirst. Section 7.4 Counterparts This Agreement may be executed in three or more separate counterparts, each of which, when so executed, shall be deemed to be an original. Such counterparts shall, together, constitute and shall be one and the same instrument. This Agreement may be executed and delivered by facsimile or other electronically transmitted signatures. Section 7.5 Incorporation of DDA Provisions by Reference The provisions of the DDA contained in Section 16.1 (except that the reference to Section 16.6 in the next to last sentence of Section 16.1 shall be deemed to refer to Section 7.6 of this Agreement), Section 16.2, Section 15.5.1 (except that the reference to Section 15.5.2 contained in the second sentence of said section shall be deemed to refer to Section 6.3 of this Agreement); Section 16.8, Section 16.9, Section 16.13, Section 16.14, Section 16.16, Section 16.17 (except that the words "Authorized Extension" shall be deemed to be inserted after the words "cure period" in the first sentence of said Section 16.17), Section 16.22, Section 16.23, Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 39 and Section 16.25.3 are hereby incorporated into this Agreement as though fully set forth in this Article VII and shall be in full force and effect with respect to interpretation of this Agreement, except that any references in said Sections to (a) the term "Agreement" used therein in reference to the DDA shall mean this Agreement; (b) the term "SchoolsFirst" shall mean SchoolsFirst as defined in this Agreement; (c) the term "Schedule of Performance" shall mean the specific time periods for performance of an act as set forth herein; (d) the term "City Manager or designee" shall mean City Manager, the Director, or either of their respective designees; (e) the term "Effective Date" shall mean the date first set forth on page 1 of this Agreement, and (f) the term "Attachments" shall mean the Attachments attached to this Agreement. Section 7.6 Notices, Demands and Communications between the Parties All notices, demands, consents, requests and other communications required or permitted to be given under this Agreement shall be in writing and shall be deemed conclusively to have been duly given (a) when hand delivered to the other Party; (b) three (3) Business Days after such notice has been sent by U.S. Postal Service via certified mail, return receipt requested, postage prepaid, and addressed to the other Party as set forth below; (c) the next Business Day after such notice has been deposited with an overnight delivery service reasonably approved by the Parties (Federal Express, Overnite Express, United Parcel Service and U.S. Postal Service are deemed approved by the Parties), postage prepaid, addressed to the Party to whom notice is being sent as set forth below with next Business Day delivery guaranteed, provided that the sending Party receives a confirmation of delivery from the delivery service provider; or (d) when received by the recipient Party when sent by facsimile transmission or email at the number or email address set forth below; provided, however, that notices given by facsimile or email shall not be effective unless either (i) a duplicate copy of such notice is promptly sent by any method permitted under this Section 16.6 other than by facsimile or email, or (ii) the receiving Party delivers a written confirmation of receipt for such notice either by facsimile, email or any other method permitted under this Section. Any notice given by facsimile or email shall be deemed received on the next Business Day if such notice is received after 5:00 p.m. (recipient's time) or on a non -Business Day. Unless otherwise provided in writing, all notices hereunder shall be addressed as follows: If to the City: Tustin City Hall 300 Centennial Way Tustin, CA 92780 Attention: Matthew West, City Manager Fax: 714-838-1602 Email: mwest a iustinca.org With a copy to: City of Tustin City Attorney Woodruff Spradlin & Smart 555 Anton Boulevard, Suite 1200 Costa Mesa, CA 92626 Attention: David E. Kendig, Esq. Fax: (714) 415-1183 Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 40 Email: dkendig_(&wss-law.com If to Bill Cheney, President/CEO SchoolsFirst: Francisco Nebot, Chief Financial Officer Christina Quintero, Manager —Vice President Facilities Services c/o SchoolsFirst Federal Credit Union 1200 Edinger Avenue Tustin, CA 92780 Emails: bcheney6Dschoolsfirstfcu.org fnebot ,schoolsfirstfcu.org cquintero m schoolsfirstfcu org Fax: (714) 258-7444 With a copy to: Jeffrey P. Walsworth Walsworth, WFBM, LLP One City Blvd. West Fifth Floor Orange, CA 92868 Email: jwalsworth@wfbm.com Fax: (714) 634-0686 Any Party may by written notice to the other Party in the manner specified in this Agreement change the address to which notices to such Party shall be delivered. Section 7.7 Force Maieure Delay If the City or SchoolsFirst (either, the "First Party") believes that it is entitled to an extension of time due to Force Majeure Delay, it shall notify the other Party ("Second Party") in writing within thirty (30) calendar days from the date upon which the First Party becomes aware of such Force Majeure Delay, describing the Force Majeure Delay, when and how the First Party obtained knowledge thereof, the date the event commenced, the steps the First Party anticipates taking to respond to such Force Majeure Delay, and the estimated delay resulting from such Force Majeure Delay and response. The extension for Force Majeure Delay shall be granted or denied in the Second Party's sole discretion. If the First Party fails to notify the Second Party in writing of its request for a given Force Majeure Delay within the thirty (30) calendar days specified above, any extension for such Force Majeure Delay shall be in the sole discretion of the Second Party. Any request for Force Majeure Delay shall be made by SchoolsFirst. Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 41 Section 7.8 Entire Agreement This Agreement, including the Exhibits attached hereto and the specific sections of the DDA referenced herein, constitutes the entire agreement between the City and SchoolsFirst with respect to the subject matter hereof. {Signature Page Follows} Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union 42 IN WITNESS WHEREOF, the Parties have executed this Agreement as of the Effective Date. ATTEST Erica N. Yasuda City Clerk APPROVED AS TO FORM: By: David Kendig, City Attorney Armbruster Goldsmith & Delvac LLP Special Real Estate Counsel to the City By: Amy E. Freilich "CITY" CITY OF TUSTIN, a California municipal corporation By: Matthew S. West City Manager SCHOOLSFIRST FEDERAL CREDIT UNION, a federally chartered credit union By: Name: Bill Cheney Title: President and Chief Executive Officer By: Name: Francisco Nebot Title: Chief Financial Officer Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Development Agreement Federal Credit Union S-1 EXHIBIT A-1 LEGAL DESCRIPTION OF DEVELOPMENT PARCELS [Attached] Tustin — SchoolsFirst — Development Exhibit A-1 to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union EXHIBIT A-1 TO REIMBURSEMENT AGREEMENT HEADQUARTERS PARCEL: BEING ALL OF PARCEL 6, OF PARCEL MAP N0, 2010-127, IN THE CITY OF TUSTIN, COUNTY OF ORANGE, STATE OF CALIFORNIA, AS SHOWN ON THE MAP FILED IN BOOK 371, PAGES 25 THROUGH 29 INCLUSIVE, OF PARCEL MAPS, RECORDS OF THE COUNTY RECORDER OF SAID COUNTY, TOGETHER WITH PORTIONS OF PARCELS 1 AND 2 OF LOT LINE ADJUSTMENT NO. 2013-03, IN THE CITY OF TUSTIN, COUNTY OF ORANGE, STATE OF CALIFORNIA, AS DESCRIBED AND SHOWN ON THE DOCUMENT RECORDED JULY 31, 2014 AS INSTRUMENT NO, 2014000307038, OF OFFICIAL RECORDS. TOGETHER WITH A PORTION OF PARCEL 3 OF LOT LINE ADJUSTMENT NO. 90-03, IN THE CITY OF TUSTIN, COUNTY OF ORANGE, STATE OF CALIFORNIA, AS DESCRIBED AND SHOWN ON THE DOCUMENT RECORDED AUGUST 31, 1990 AS INSTRUMENT NO. 90-466900, OF OFFICIAL RECORDS. TOGETHER WITH A PORTION OF THE "OLD" DEL AMO AVENUE EASEMENT ABANDONED AND VACATED BY THE CITY OF TUSTIN PER RESOLUTION NO, 17-20, RECORDED DECEMBER 11, 2017 AS INSTRUMENT NO. 2017000530760, OF OFFICIAL RECORDS, ALL MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING AT THE NORTHWESTERLY CORNER OF SAID PARCEL 6, SAID POINT ALSO BEING ON THE EASTERLY LINE OF NEWPORT AVENUE AND THE SOUTHERLY LINE OF DEL AMO AVENUE AS SHOWN ON SAID PARCEL MAP; THENCE ALONG THE NORTHERLY LINE OF SAID PARCEL 6, NORTH 52°25'08" EAST 36.61 FEET TO THE BEGINNING OF A NON-TANGNET CURVE CONCAVE NORTHERLY HAVING A RADIUS OF 620.72 FEET, A RADIAL LINE TO SAID POINT BEARS SOUTH 06047'40" WEST; THENCE EASTERLY ALONG SAID CURVE AN ARC DISTANCE OF 318.85 FEET THROUGH A CENTRAL ANGLE OF 29025'55' TO THE BEGINNING OF A NON -TANGENT CURVE CONCAVE NORTHERLY HAVING A RADIUS OF 542,42 FEET, A RADIAL LINE TO SAID POINT SOUTH 21°28'27' EAST; THENCE EASTERLY ALONG SAID CURVE AN ARC DISTANCE OF 32.52 FEET THROUGH A CENTRAL ANGLE OF 03°26'07'; THENCE SOUTH 2954'35" EAST 46.55 FEET; THENCE SOUTH 50°11'11" EAST 84.43 FEET; THENCE SOUTH 39048'49" WEST 156.13 FEET; THENCE SOUTH 50'11'11" EAST 10.67 FEET; THENCE SOUTH 39048'49" WEST 321.58 FEET; THENCE NORTH 50°11'11" WEST 10.67 FEET; THENCE SOUTH 39°48'49" WEST 260.36 FEET; THENCE NORTH 65°29'30" WEST 137.29 FEET TO A POINT ON A NON -TANGENT CURVE CONCAVE WESTERLY HAVING A RADIUS OF 1512.30 FEET, SAID CURVE BEING SAID EASTERLY LINE OF NEWPORT AVENUE, A RADIAL LINE TO SAID POINT BEARS SOUTH 65°26'31" EAST; THENCE NORTHERLY ALONG SAID CURVE AN ARC DISTANCE OF 389.38 FEET THROUGH A CENTRAL ANGLE OF 14°45'07'; THENCE NORTH 09048'22" EAST 159.02 FEET TO THE POINT OF BEGINNING. CONTAINS: 184,283 SQ. FT. -- 4.230 ACRES PARKING PARCEL: BEING A PORTION OF PARCEL 2 OF LOT LINE ADJUSTMENT NO. 2013-03, IN THE CITY OF TUSTIN, COUNTY OF ORANGE, STATE OF CALIFORNIA, AS DESCRIBED AND SHOWN ON THE DOCUMENT RECORDED JULY 31, 2014 AS INSTRUMENT NO. 2014000307038, OF OFFICIAL RECORDS, MORE PARTICULARLY DESCRIBED AS FOLLOWS: BEGINNING A POINT ON THE EASTERLY LINE OF SAID PARCEL 2, SAID POINT BEING NORTH 39048'49" EAST 25.74 FEET FROM THE SOUTHEASTERLY CORNER OF SAID PARCEL 2; THENCE NORTH 50011'11" WEST 250.67 FEET; THENCE NORTH 39°48'49" EAST 52.21 FEET; THENCE SOUTH 50011111" EAST 10.67 FEET; THENCE NORTH 3904849" EAST 321.58 FEET; THENCE NORTH 50011'11" WEST 10.67 FEET; THENCE NORTH 39°48'49" EAST 52.21 FEET; THENCE SOUTH 50011'11" EAST 250.67 FEET TO A POINT ON SAID EASTERLY LINE OF SAID PARCEL 2; THENCE SOUTHERLY ALONG SAID EASTERLY LINE, SOUTH 39048'49" WEST 426.00 FEET TO THE POINT OF BEGINNING. -.01� CONTAINS: 103,365 SQ. FT. - 2.373 ACRES VWDEN & SOCIATES CIVIL ENGINEERS - LAND SURVEYORS - PLANNER,' 2552 WHITE ROAD, SUITE 13 • IRVINE, CA 92614.623E (949) 660-0110 FAX: 660-0418 SHEET 1 OF 2 Agreement - 5-1419 FINAL Reimbursement Agreement Federal Credit Union -I- EXHIBIT A-1 TO REIMBURSEMENT AGREEMENT CURVE TABLE CURVE DELTA RADIUS LENGTH C1 14045'07' 1512.30' 389.37' C2 29025'55" 620.72' 318.85' C3 03°26'07' 542.42' 1 32,52' 150 75 0 150 SCALE IN FEET 1 INCH = 150 FEET p O RAor4� '5 `01 _PMS 371/25,29 - ACAT8D) OLD, D5 -L AMD AV-'— �_. HEADQUARTERS PARCEL —1: , 3 W Fi'_ i 4.230 ACRES L8 10 y - 1', L7 .' y i N N �� (o `r' PARKING PARCEL "' 19 �U 103,356 $Q. FT, o 2,373 ACRES A. T. & S. F. RAILROAD ALDEN & CIVIL ENGINEERS - LAND SURVEYORS - PLANNERS LSSOCIATES 2552WINTEROAD, SUITE B•IRVINE, CA 92614-6236 (949) 660-0110 FAX: 660-0418 coos ust - •.. rb 401 o'NO SHEET 2 OF 2 1 Agreement - 5-14-19 FINAL Reimbursement Agreement Federal Credit Union -2- LINE TABLE LINE BEARING DISTANCE L1 N 09048'22° E 159.02' L2 N 52025'08" E 36,61' L3 N 24054'35° W 46.55' L4 N 50°11' 11" W 84,43' L5 N 3904849" E 156.13' L6 N 50011"11" W ` 10.67' L7 N 39"48-49" E 321.58' L8 N 39048'49" E 260.36' L9 N 65°29'30" W 137.29' L10 N 50011'11" W 250,67' L11 N 39°49'30" E 426.00' L12 N 8(°42'32" W 116.69' p O RAor4� '5 `01 _PMS 371/25,29 - ACAT8D) OLD, D5 -L AMD AV-'— �_. HEADQUARTERS PARCEL —1: , 3 W Fi'_ i 4.230 ACRES L8 10 y - 1', L7 .' y i N N �� (o `r' PARKING PARCEL "' 19 �U 103,356 $Q. FT, o 2,373 ACRES A. T. & S. F. RAILROAD ALDEN & CIVIL ENGINEERS - LAND SURVEYORS - PLANNERS LSSOCIATES 2552WINTEROAD, SUITE B•IRVINE, CA 92614-6236 (949) 660-0110 FAX: 660-0418 coos ust - •.. rb 401 o'NO SHEET 2 OF 2 1 Agreement - 5-14-19 FINAL Reimbursement Agreement Federal Credit Union -2- EXHIBIT A-2 LEGAL DESCRIPTION OF CAMPUS [Attached] Tustin — SchoolsFirst — Development Exhibit A-2 to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union EXHIBIT A-2 TO REIMBURSEMENT AGREEMENT BEING ALL OF PARCELS 1 AND 2 OF LOT LINE ADJUSTMENT NO, 2013-03, IN THE CITY OF TUSTIN, COUNTY OF ORANGE, STATE OF CALIFORNIA, AS DESCRIBED AND SHOWN ON THE DOCUMENT RECORDED JULY 31, 2014 AS INSTRUMENT NO. 2014000307038, OF OFFICIAL RECORDS. TOGETHER WITH ALL OF PARCELS 3 AND 4 OF LOT LINE ADJUSTMENT NO. 90-03, IN THE CITY OF TUSTIN, COUNTY OF ORANGE, STATE OF CALIFORNIA, AS DESCRIBED AND SHOWN ON THE DOCUMENT RECORDED AUGUST 31, 1990 AS INSTRUMENT N0, 90-466900, OF OFFICIAL RECORDS, TOGETHER WITH A PORTION OF "OLD DEL AMO AVENUE" RIGHT OF WAY EASEMENT AS ABANDONED AND VACATED BY THE CITY OF TUSTIN PER RESOLUTION NO, 17--20, RECORDED DECEMBER 11, 2017 AS INSTRUMENT NO. 2017000530760, OF OFFICIAL RECORDS, CONTAINS: 752,946 SQ. FT. - 17.285 ACRES MORE OR LESS ALDEN & CIVIL ENGINEERS • LAND SURVEYORS • PLANNERS 1 S S 0 C TATE S 2552 WHITE ROAD, SUITE B - IRVINE, CA 92614-6236 i' (949) 660-0110 FAX: 660-0418 SHEET 1 OF 2 Tustin - SchoolsFirst - Development Exhibit A-2 to City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 4- EXHIBIT A-2 TO REIMBURSEMENT AGREEMENT i PARCEL 4 W W oQ Z g C5 W to M o 0-1 CD C) orn�Y CO C:) . _z o 0 J z 4< z_ is PARCEL 8 PARCEL 2 d o I. W C M LU `z z N :3 O 1— z O z 1 PARCEL 1 VALENCIA AVENUE ,,DEN & CIVIL ENGINEERS - LAND SURVEYORS - PLANNERS ssociATEs 2552 WHITE ROAD, SUM, B -IRVINE, CA 926I4-6236 (949) 660-0110 FAX: 660-0418 SHEET 2 OF 2 Tustin - SchoolsFirst - Development Exhibit A-2 to City of Tustin / SchoolsFirst Agreement - 5-14-19 FINAL Reimbursement Agreement Federal Credit Union -2- EXHIBIT B DEVELOPMENT AGREEMENT FACILITIES Developer shall design, construct and complete the following improvements comprising the "Facilities" under the Agreement. Initially capitalized terms used in this Exhibit B have the meanings set forth in the Reimbursement Agreement to which this Exhibit B is attached and incorporated by reference. Reimbursable Improvements The Reimbursable Improvements are set forth in the table below and are part of the scope of Work SchoolsFirst is to cause to be performed pursuant to this Agreement and the Construction Contract. Construction tasks associated with accomplishing the line items will vary as needed; however, the attributable reimbursement responsibility or proportional share to carry out such improvements will not change. Should a discrepancy arise pertaining to the required construction tasks necessary to accomplish the Reimbursable Improvements for which SchoolsFirst requests reimbursement pursuant to this Agreement and the DA, the City shall have final authority, in its sole discretion, to approve reimbursable expenses. Percentages (%) shown below for each Reimbursable Improvement comprise the percentage of the Actual Cost that is reimbursable to SchoolsFirst. The City will provide reimbursement to SchoolsFirst for portions of the Reimbursable Improvements in accordance with the terms and provisions of this Agreement. As described in this Agreement, for certain Reimbursable Improvements, only a portion of the Actual Costs are subject to reimbursement under this Agreement, with the balance of the costs paid by SchoolsFirst. Regardless of such proportional payment, the terms and provisions of this Agreement apply to all Facilities. Reimbursable Improvements and Reimbursement Percentages are follows: TRAFFIC SIGNAL Facility # Description Reimbursement 1 Traffic signal at intersection of Property driveway and Newport Ave. with associated apparatus 50% 2 Left turn pocket on Newport Ave. into Property 50% 3 Double left turn pocket on Newport Ave. into APN 430-251-23 50% 4 Driveway improvements on APN 430-251-23 100% 5 Relocation of catch basin on Newport Ave., installation of new 24" RCP storm drain line 100% 6 Re -design of existing medians on Newport Ave. due to signal and turning enhancements 50% Tustin — SchoolsFirst — Development Exhibit B to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 1 MEDIAN IMPROVEMENTS Facility # Description Reimbursement 7 Landscaping (incl. irrigation and laterals) of Newport Ave. medians adjacent to Property 2 total 50% 8 Landscaping (incl. irrigation and laterals) of Newport Ave. medians adjacent to APN 430-251-25 2 total 100% 9 Landscaping (incl, irrigation and laterals) of Del Amo Ave. median 1 total 50% SIDEWALK IMPROVEMENTS Facility # Description Reimbursement 10 New sidewalk and landscaping on Newport Ave. from Valencia to Del Amo 50% 11 New sidewalk on Del Amo from Newport Ave. to existing SchoolsFirst driveway 50% Non -Reimbursable Public Improvements 1. Water laterals (domestic and fire) from point of connection in Newport Avenue and Del Amo Avenue to water meters on the Property. Tustin — SchoolsFirst — Development Exhibit B to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 2 EXHIBIT C FORM OF CONCURRENCE LETTER [Attached] Tustin — SchoolsFirst — Development Exhibit C to City of Tustin / SchoolsFirst Agreement— 5-14-19 FINAL Reimbursement Agreement Federal Credit Union [SchoolsFirst Letterhead] [Date] City of Tustin 300 Centennial Way Tustin, CA 92780 Please find enclosed the following Bid/Proposal documents for the [Reimbursable Improvement(s)] that SchoolsFirst Federal Credit Union ("SchoolsFirst") will cause to be constructed by , a ("Contractor") pursuant to the Infrastructure Construction and Reimbursement Agreement between the City of Tustin, SchoolsFirst and Contractor dated _, 20_ ("Reimbursement Agreement"). 1. Bid Summary for Construction 2. One (1) copy of Subcontractor(s)' Bid Submittal 3. One (1) copy of Professional Proposal SchoolsFirst recommends award of contracts as follows: CITY PORTION WORK / SERVICE VENDOR NAME PURCHASE ORDER AMOUNT Construction N/A Award Total: Please indicate your concurrence of the City's acceptance of the above bid(s) and cost of work/services and that the above-described work is eligible for reimbursement under the Reimbursement Agreement by signing below and returning to me. If you have any questions, please contact me directly at [ ]. Sincerely, [insert authorized SchoolsFirst signature] CITY OF TUSTIN CONCURRENCE By: Douglas S. Stack Director of Public Works/Engineering Date: Copy: Bid File (Task/PC ID: [cmbTaskID].) Finance, (once signed by Agency) Tustin — SchoolsFirst — Development Exhibit C to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 2 EXHIBIT D FORM OF ASSIGNMENT AGREEMENT FOR PUBLIC IMPROVEMENTS [Attached] Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union EXHIBIT D Assignment Agreement This ASSIGNMENT AGREEMENT is made as of , 20_, by and between SchoolsFirst Federal Credit Union, a federally chartered credit union ("Assignor"), to the CITY OF TUSTIN, a California municipal corporation ("Assignee") based upon the following recitals: A. Assignor and Assignee have previously entered into that certain Infrastructure Construction and Reimbursement Agreement by and between SchoolsFirst Federal Credit Union and the City of Tustin dated as of , 20 ("Reimbursement Agreement"). B. Assignor has previously entered into that certain construction contract relating to construction of ("Public Improvement") by and between Assignor and ("Contractor"), a copy of which contract is attached hereto as Attachment 1 ("Construction Contract"). C. Assignee desires to acquire (for Completed Public Improvements only: (i) Assignor's right, title and interest in and to the Public Improvement constructed under the Construction Contract, and (ii)} the Warranty rights of Assignor as to the Public Improvement under the Construction Contract, and Assignor desires to assign such rights to Assignee. NOW, THEREFORE, in consideration of the foregoing, the covenants and agreements contained herein and other valuable consideration, receipt of which is hereby acknowledged, the parties hereto agree as follows: 1. ASSIGNMENT. Effective upon the date specified in Section 2 hereof ("Assignment Date"), Assignor assigns and transfers to Assignee all of Assignor's right, title, claim and interest in and to (for Completed Public Improvements only: (a) the Public Improvement constructed pursuant to the Construction Contract, and (b)) subject to the following sentence, the warranties and guarantees of Contractor and all of Contractor's Subcontractors, vendors, and material manufacturers and suppliers as to the Public Improvement constructed pursuant to the Construction Contract. The assignment of warranties and guarantees set forth herein is non-exclusive and shall not preclude Assignor from pursuing its own claims against Contractor and/or any of Contractor's subcontractors, vendors, material manufacturers and suppliers with respect to the Public Improvement. This Assignment is made by Assignor pursuant to the provisions of Section 2.7.2 of the Reimbursement Agreement. 2. ASSIGNMENT EFFECTIVE DATE. The Assignment Date shall be , 20_, which is the date that the City has entered as the "Acceptance Date" on the Request for Acceptance referenced in Section 3.2.1(c) of the Reimbursement Agreement. (signatures follow on next page) Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 2 IN WITNESS WHEREOF, Assignor and. Assignee have executed this Assignment Agreement as of the day and year first hereinabove written. ASSIGNOR: By: _ Name: Title: ACCEPTED BY ASSIGNEE: CITY OF TUSTIN, a California municipal corporation By: _ Name: Title: Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 3 Contractor Acknowledgment: By its signature below, , a , the "Contractor" under the above referenced Reimbursement Agreement acknowledges receipt of notice of this Assignment Agreement, and agrees that all warranties and guarantees provided by Contractor and Subcontractors, vendors and material manufacturers and suppliers under the Construction Contract with respect to the Public Improvements covered by this Assignment Agreement shall be deemed assigned to, and enforceable by, the City of Tustin, effective on the Effective Date of this Assignment. Notwithstanding the foregoing, Contractor acknowledges that the assignment of warranties and guarantees pursuant to the Assignment Agreement is not exclusive and that such assignment shall not preclude SchoolsFirst from pursuing its own claims against Contractor and/or any of Contractor's subcontractors, vendors, material manufacturers and suppliers with respect to the Public Improvement. "Contractor" By: Name: Title: Date: 20 Contractor Address and Contact Information: Telephone: Contractor's License No. Tustin - SchoolsFirst - Reimbursement Exhibit D to City of Tustin / SchoolsFirst Agreement - 5-22-19 FINAL Reimbursement Agreement Federal Credit Union 4 Attachment 1 to Assignment Agreement [Attach Copy of Construction Contract] Tustin — SchoolsFirst — Development Exhibit D to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union EXHIBIT E REQUEST FOR ACCEPTANCE OF PUBLIC IMPROVEMENT [Attached] Tustin — SchoolsFirst — Development Exhibit E to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union EXHIBIT E REQUEST FOR ACCEPTANCE OF PUBLIC IMPROVEMENT SchoolsFirst Federal Credit Union ("SchoolsFirst") hereby requests that the City of Tustin ("City") accept the Public Improvements described in Attachment A attached hereto in accordance with the procedures contained in Section 3.2 of the Infrastructure Construction and Reimbursement Agreement by and between the City and SchoolsFirst and dated , 20_ ("Agreement"). Capitalized undefined terms contained in this Request shall have the meanings ascribed thereto in the Agreement. In connection with this Request for Acceptance, the undersigned hereby represents and warrants to the City as follows: 1. SchoolsFirst Representative. The undersigned is a SchoolsFirst Representative, qualified to execute this request for payment on behalf of SchoolsFirst and knowledgeable as to the matters set forth herein. 2. Identification of Public Improvement. The Public Improvement for which Final Acceptance is requested is 3. As -Built Plans. SchoolsFirst has submitted or submits herewith to the Director as - built drawings or similar plans for the Public Improvement for which Final Acceptance is requested, and, to the undersigned's actual knowledge, such drawings or plans and specifications, as applicable, are true, correct and complete. 4. Public Improvement Construction Per Approved Project Plans. To the undersigned's actual knowledge, each of the Public Improvements described in Attachment A to this Request is "Complete", has been constructed substantially in accordance with the Approved Project Plans therefor, and in compliance with all applicable City standards, and all applicable federal, State and local laws and the requirements of the Agreement, and the as -built drawings or other plans and specifications referenced in paragraph 2 above. S. Wnsert if the Request for Acceptance is Made with Respect to a Reimbursable Improvement only} SchoolsFirst Actual Cost. The true and correct Actual Cost of each Reimbursable Improvement for which Final Acceptance is requested is set forth in Attachment A.J 6. Wnsert if the Request for Acceptance is Made with Respect to a Reimbursable Improvement only} Actual Cost Backup Documentation. In connection with prior Requests, or with this request, SchoolsFirst has submitted to the Director invoices, receipts, worksheets and other evidence of costs that are in sufficient detail to allow the Director to verify the cost of each Reimbursable Improvement for which Final Acceptance is requested In addition to the maintenance costs reflected in such information, SchoolsFirst estimates (based on prior maintenance costs or the quoted monthly maintenance cost charge contained in its maintenance contract for such Reimbursable Improvement) that the ongoing maintenance costs for the Reimbursable Improvement described herein will cost $ per month until the date of City's Final Acceptance of the Reimbursable Improvement.] Tustin — SchoolsFirst — Development Exhibit E to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 2 7. No Liens. There has not been filed with or served upon SchoolsFirst notice of any lien, right to lien or attachment upon, or claim affecting the Public Improvement or the acceptance thereof by the City that has not been released or will not be released simultaneously with the payment of such obligation or has not been bonded for in accordance with the requirements of the Agreement, and all lien releases required pursuant to Exhibit L of the Agreement have been provided to the City. 8. No Event of Termination. No event listed in the Agreement that would trigger a default by SchoolsFirst or a right to termination for Cause by the City has occurred and is continuing or will occur upon the making of this Request by SchoolsFirst to City. 9. Accuracy of Representations and Warranties. The representations and warranties of SchoolsFirst set forth in Section 5.1.1 of the Agreement are true and correct on and as of the date hereof with the same force and effect as if made on and as of the date hereof. 10. Hazardous Materials. SchoolsFirst represents and warrants that, prior to the date of this Request for Acceptance: (a) neither SchoolsFirst, Contractor nor any of the SchoolsFirst Parties in connection with the Work on any Public Improvement covered by this Request or any portion thereof, has (i) used, generated, treated, manufactured, procured, stored, transported or Released any Hazardous Materials (in each case, whether accidentally or intentionally) on, under or in such Public Improvement or the Site upon which such Public Improvement is located or any other property, other than for any Hazardous Materials that may be contained in the materials or components of the Public Improvement as required by the Approved Project Plans or incidental uses of Hazardous Materials by SchoolsFirst, Contractor and SchoolsFirst Parties that are in full compliance with all applicable laws, or (ii) transported (whether accidentally or intentionally) any Hazardous Materials to or from such Public Improvement ,the Site or any other property, in violation of federal, State or local laws governing Hazardous Materials; (b) there is not present on, under or in such Public Improvement or the Site upon which such Public Improvement is located, or any portion thereof, or any other property, any Hazardous Materials Released by SchoolsFirst, Contractor or any of the SchoolsFirst Parties in connection with construction, installation or maintenance of the Public Improvement or any portion thereof, except for (x) any types or amounts that do not require remediation or mitigation under federal, State or local laws, ordinances, regulations, rules or decisions, (y) those that have been remediated or mitigated in full compliance with applicable federal, State or local laws, ordinances, regulations, rules or decisions, or (z) those contained in materials or components of the completed Public Improvement per the requirements specified in the Approved Project Plans, and (c) SchoolsFirst has not received notice of, and to the best of SchoolsFirst's knowledge there is not, any proceeding or formal inquiry by any Governmental Authority with respect to the presence of Hazardous Materials on, under or in the Site, or any structure, fixtures, equipment, or other objects thereon, or the migration thereof from Tustin — SchoolsFirst — Development Exhibit E to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 3 or to other property, arising out of the Work, except as follows: By signing below, the undersigned certifies that all information provided in this Request for Acceptance is true, complete and correct. SCHOOLSFIRST FEDERAL CREDIT UNION, a federally chartered credit union By: Name: Title: Date: Tustin — SchoolsFirst — Development Exhibit E to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 4 (Information to be completed by the City upon approval by the Director) (Insert if the Request for Acceptance is Made with Respect to a Reimbursable Improvement only3 SchoolsFirst Actual Cost. The Final Approved Cost of each Reimbursable Improvement listed on Attachment A, as well as the Acceptance Date of same, is as follows: Final Approved Cost of Reimbursable Improvement: I Date: DIRECTOR OF THE CITY OF TUSTIN LIM Name: Title: Tustin — SchoolsFirst — Development Exhibit E to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 5 Attachment A to Form of Request for Acceptance (Information to be completed by SchoolsFirst prior to submittal to the Director) Description of Completed Reimbursable Improvement: lMnsert if the Request for Acceptance is Made with Respect to a Reimbursable Improvement only} SchoolsFirst Actual Cost Actual Cost Incurred by SchoolsFirst: $ I Tustin — SchoolsFirst — Development Exhibit E to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 6 EXHIBIT F CONSTRUCTION SCHEDULE [Schedule to he attached] Notes: Each "Start Date" is the latest start date; earlier starts are allowed Each "Completion Date" is the latest completion date; earlier completions are allowed Tustin — SchoolsFirst — Development Exhibit F to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union EXHIBIT G CONTRACTOR'S BID AND AWARD PROCEDURES The provisions of this Exhibit G shall be attached to and incorporated into the Construction Contract and any Subcontract under which Subcontractor will solicit bids for performance of Work in connection with the construction of any Reimbursable Improvement (and the term Construction Contract as used herein shall mean the Construction Contract or subcontract, as applicable Construction Contract as used herein shall mean the Construction Contract or subcontract, as applicable). The Construction Contract and each such Subcontract shall make City an express third party beneficiary with the right to enforce the requirement of SchoolsFirst, Contractor and Subcontractors, if any, to comply with the provisions of this Exhibit G. SchoolsFirst shall and shall cause Contractor and each Subcontractor soliciting bids for performance of the Work in connection with the construction of any Reimbursable Improvement to use the following procedures in connection with the award of construction contracts with Subcontractors for each Reimbursable Improvement: 1. Prequalified Contractor List. Contractor maintains a list of prequalified contractors and consultants from which it regularly bids construction work. The list of prequalified contractors and consultants have gone through a prequalification process with Contractor and been approved by Contractor to bid and construct Work. Contractor shall bid work for each Reimbursable Improvement off its list of prequalified contractors without advertising in a newspaper or trade publication. 2. Bid Coordination Meetine. SchoolsFirst and Contractor shall hold a bid coordination meeting to scope and strategize on contract set-up, bid schedule and Subcontractor and consultant selection. 3. Bid Packaize. SchoolsFirst and Contractor shall prepare a formal bid package. 4. Pre -Bid Meeting Invitees. Contractor shall invite SchoolsFirst, the City, Engineers of Record and the Subcontractors (minimum three (3)) and consultants (identified in step 2) to a pre-bid meeting. Pre -Bid Meeting. SchoolsFirst and Contractor shall convene a formal pre-bid meeting with the parties identified in step 4 in attendance, each of whom shall receive a path to the bid package. Contractor shall chair the pre-bid meeting, and shall have a printed agenda and have all attendees sign -in. Contractor shall provide the consultants in attendance with a Request for Proposal (RFP) for their construction support services (e.g., Survey Staking). The engineer of record shall present a high-level overview of the project. Contractor shall provide an overview of the administration of the bid process including the bid schedule (e.g., the date for bidders' questions, date for bid addendum, and date and time for bid opening) insurance and bonding requirements and prevailing wage requirements. Tustin — SchoolsFirst — Development Exhibit G to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 1 6. Bidders Questions. Subcontractors and Consultants shall submit bidders' questions to Contractor formally via email in Word format. Contractor shall forward questions to Engineer of Record, who shall prepare a draft bid addendum and email to SchoolsFirst and Contractor for review and, if acceptable, for issuance to the Subcontractors and Consultants. 7. Public Bid Opening. SchoolsFirst and Contractor shall conduct a public bid opening that prequalified contractors and consultants may attend at , CA in a specified conference room. Subcontractors and Consultants shall submit their bids / proposals to Contractor (either via electronic bid submittal of pricing, or by hard copy pricing. If a bidder submits both electronic and hard copy pricing, then in event of conflict between the information submitted, the electronic copy shall prevail). The City shall be invited to the public bid opening, at which time the bids are opened, read out loud and recorded by hand onto a summary sheet. 8. Bid Summarv. SchoolsFirst and Contractor shall both review the bids and Contractor shall prepare a bid summary. 9. Review of Bid Summary. SchoolsFirst shall review the bid summary and present the completed summary to or his designee with lowest responsible contractor and consultant bids. 10. Bid Approval. or his designee shall review the bids and obtain sign - off. 11. Notification of Low Bidder. Upon direction from or his designee, the Contractor shall call the lowest responsive bidder (whether contractors or consultants) to let them know that they are the lowest responsive bidder.* 12. Notification of Contractors/Consultants. Subsequent to Step 11, Contractor shall send an email to all contractors and consultants with low bid/proposal results.* 13. Notification of City. Contractor shall email the City the bid summary for initial concurrence. 14. Concurrence Letter Contractor shall prepare the Concurrence Letter for delivery to the City and shall assemble copies of bids and bid summary and submit to the City for formal approval/concurrence. 15. Notice to Proceed. After receipt of City approval or concurrence, Contractor shall prepare Authorizations to Proceed, Notice to Proceed and Contracts for contractor and all consultants. *If requested by the City, this notification shall be delayed until after steps 13 and 14 have been completed. Tustin — SchoolsFirst — Development Exhibit G to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 2 EXHIBIT H POTENTIAL CHANGE OF WORK FORM [Attached] Tustin — SchoolsFirst — Development Exhibit H to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union CITY OF TUSTIN DATE INITIATED IN FIELD: POTENTIAL CHANGE OF WORK ("PCOW') ACKNOWLEDGEMENT & VALUE The purpose of this form is to acknowledge a change in work that may impact the Actual Costs and/or Construction Schedule for a Public Improvement constructed per the Infrastructure Construction & Reimbursement Agreement among the City of Tustin and SchoolsFirst Federal Credit Union ("SchoolsFirst"). Upon acceptance, a Change Order will be issued. City of Tustin Reference No.: PCOW NO: (SchoolsFirst Original PO No. — CO No.) Contractor/Consultant Name: (CO PO No.) Project: Public Improvement: Contractor: SchoolsFirst If PCOW is for Consultant services during construction, SchoolsFirst's fill in the following information otherwise leave blank: Constr. Mgr: Consultant's Contract No: Design Firm: Consultant's Name: POTENTIAL CHANGE OF WORK: • Work Description: • What Caused the Change: • Why is this Change Outside the Original Contract Scope and Previous Change Orders: • Plan Revision Required? ❑ Y ❑ N If yes, Delta Revision No._ Date Approved: • Change in Contract Time? ❑ Y ❑ N If yes: +/--Working Days • Change in Contract Price? ❑ Y ❑ N If yes: +/- $ 1. City Inspector: SchoolsFirst's Construction Manager has discussed this potential change of work with me. (Signature) Date (Print Name) 2. SchoolsFirst: Reviewed by: Owner Representative / Date 3. City of Tustin: In the City of Tustin's opinion the aforementioned work a. O Does Qualify = Does NOT Qualify as a potential change of work. b. City of Tustin's comments (required if representative does not concur with the potential change): c. CHANGE OF WORK VALUE (with detailed backup attached): $ d. Recommended by: City of Tustin Representative / Date Tustin — SchoolsFirst — Development Exhibit H to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 2 EXHIBIT I CONSTRUCTION CONTRACT TERMS SchoolsFirst shall cause the provisions of this Exhibit I to be attached to and incorporated into the Construction Contract and shall cause Contractor to attach and incorporate the following provisions other than in clause c below in each Subcontract (and the term Construction Contract as used herein shall mean the Construction Contract or Subcontract, as applicable and the term Contract Documents shall have the meaning set forth in the contract to which this Exhibit is attached). Notwithstanding anything in this Contract to the contrary, the parties to this Contract agree as follows: (a) Construction Guidelines. Contractor and all of its employees, representative, Subcontractors, suppliers and other invitees (collectively, the "Contractor Parties") shall comply with the construction guidelines and any other rules and regulations of SchoolsFirst and the City of Tustin ("City") applicable to the site where the Work is to be performed (copies of which guidelines, rules and regulations will be provided by Contractor to Subcontractors). (b) Insurance. Prior to any entry onto the Site, Contractor shall obtain, and maintain in full force and effect during the term of the Construction Contract, insurance coverage as set forth in the Insurance Requirements Exhibit attached to the Construction Contract, and shall require all Subcontractors to obtain and maintain the coverages specified in Section 5 of said Insurance Requirements Exhibit. (c) Bonds. Contractor shall provide payment and performance bonds in the full amount of the Contract Price that guarantee the payment of all Subcontractors, laborers, suppliers and materialmen and that guarantee the performance and completion of the Work on the Reimbursable Improvements, which bonds shall be issued by a licensed surety in the State of California acceptable to SchoolsFirst. The bonds shall be in the form provided in the Reimbursement Agreement with the City. The City shall be the sole obligee under each bond provided by Contractor. (d) Indemnification. Contractor agrees to indemnify, defend, protect and hold harmless SchoolsFirst and the City ("Indemnified Parties") (with counsel reasonably acceptable to the affected Indemnified Party or Parties) and the City's and SchoolsFirst's elected and appointed officials, employees, consultants, contractors and agents and all the other indemnified parties identified in the Construction Contract harmless from and against any all Claims, actions, causes of action, demands, orders, or other means of seeking or recovering losses, damages, liabilities, costs, expenses (including attorneys' fees, fees of expert witnesses and consultants and court and litigation costs), costs and expenses attributable to compliance with judicial and regulatory orders and requirements, fines, penalties, liens, taxes, or any type of compensation whatsoever, direct or indirect, known or unknown, foreseen or unforeseen, whether incurred by or made against or recovered or obtained from any of such parties ("Claim"), to the extent caused by, resulting or arising from: (i) the construction, installation or maintenance of the Work on the Tustin — SchoolsFirst — Development Exhibit I to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 1 Facility or any portion thereof by Contractor and the other Contractor Parties; (ii) all other activities on and use of the Site by Contractor and the other Contractor Parties; (iii) any breach by Contractor of any of its representations, warranties, covenants or obligations set forth in the Contract; (iv) the releasing, or threat of releasing, spilling, leaking, pumping, pouring, emitting, emptying, discharging, injecting, escaping, leaching, migrating, disposing or dumping into the environment, storage, treatment, transportation or disposal of any Hazardous Materials on, under, in, from or to the Site or any other property through the act or omission to act of Contractor or the Contractor Parties, and (v) any act or omission of the Contractor or the Contractor Parties in connection with the construction, installation or maintenance of the Work or any portion thereof. If Contractor fails to defend any Claim pursuant to its obligations hereunder, the City and SchoolsFirst, or either of them, shall have the right, but not the obligation, to defend the same and each shall have the right to charge all of the costs of such defense, including any third party fees or costs paid for by it (including but not limited to bills from the City's contract City Attorney related to this Agreement), to and recover the same from Contractor. (e) Repair of Damage. Contractor shall repair any damage to the property of the Indemnified Parties or any other Person caused by Contractor or the Contractor Parties during the course of Contractor's performance of the Work and any other activities and operations on the work site. (f) Third Party Beneficiaries. Contractor acknowledges and agrees that (i) the City, SchoolsFirst (where it is not a direct contracting party) and the other indemnitees identified in the indemnification provision of the Construction Contract shall be express third party beneficiaries of this Construction Contract as to all obligations owed by Contractor as described in this Addendum, as well as any express or implied warranties of Contractor under this Construction Contract; (ii) neither SchoolsFirst nor the City shall be deemed to be a guarantor of Contractor's obligations under this Construction Contract, and (iii) the City shall not be bound by any obligations owed by SchoolsFirst to Contractor under this Construction Contract. (g) Compliance with Law. Contractor shall be required to comply with all applicable laws, ordinances and regulations in its performance of Work on any Facility, including but not limited to applicable provisions of the California Labor Code regarding public works contracts and payment of prevailing wages. (h) Independent Contractor. Contractor shall be deemed to be an independent contractor retained by SchoolsFirst to perform the Work, and nothing contained in this Construction Contract shall create any contractual relationship between the City and Subcontractors, vendor, material supplier or laborer or any other Person retained by Contractor or by any of the foregoing, at any tier, or their respective officers, employees or agents. (i) Warranties. Contractor represents and warrants to SchoolsFirst that any materials, supplies, products and equipment furnished under this Contract will be new unless otherwise specified, and that any of the Work under the Construction Contract will be of good workmanship and quality, free from faults and defects and in strict conformance with the Contract Documents, the standards in the industry, all applicable laws, ordinances and regulations, including without limitation the Uniform Building Code and any manufacturer's recommendations. Any of the Work Tustin — SchoolsFirst — Development Exhibit I to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 2 under the Construction Contract not conforming to same may be considered defective. If required by SchoolsFirst, in SchoolsFirst's sole discretion, Contractor shall furnish satisfactory evidence as to the kind and quality of such materials, supplies, products and equipment. If any manufacturer or supplier of any such materials, supplies, products or equipment furnishes a guarantee or warranty for a period in excess of one year from final completion, then, Contractor shall require that such guaranty or warranty be extended for the benefit of SchoolsFirst and the City for the like period. Prior to final completion of the Work, Contractor shall deliver to SchoolsFirst copies of any guarantees and warranties relating to the Project, together with duly executed instruments properly assigning same to SchoolsFirst. Contractor shall bind copies of the guarantees and warranties together in a single volume, grouped by trade and properly indexed. Contractor shall assign to SchoolsFirst or any purchaser from or assignee of SchoolsFirst the guarantees and warranties of Contractor's Subcontractors, suppliers and representatives and any other rights of any kind against any Persons. Such assignment will not relieve Contractor of any of its other obligations contained in the Contract Documents. No Final Acceptance by SchoolsFirst or the City shall operate as a waiver or release with respect to any warranties applicable to the Work or the Public Improvements or any rights or remedies pertaining thereto. Contractor warrants that any and all portions of the Work under the Construction Contract included in the Public Improvements will be free from any defects in material and workmanship for a period of one year from the Date of Acceptance of the Public Improvement by the City, which warranty shall survive the expiration or earlier termination of this Contract. As part of the warranty, Contractor agrees to commence the repair or replacement of any defective material or equipment and the performance of related labor necessary to correct any such defect in such Work within seven days after receipt of notice of the defect and thereafter to diligently prosecute any corrective work to completion, all at Contractor's sole cost and expense. Upon failure of Contractor to do so, SchoolsFirst may, in SchoolsFirst's reasonable discretion, furnish or secure any materials and labor necessary to correct any defect. Any loss caused by said failure of Contractor, including without limitation compensation for additional professional services, shall be at Contractor's sole cost and expense. Nothing in the Contract Documents shall in any way limit the right of SchoolsFirst to assert claims for patent or latent defects in the Work under the Construction Contract or loss caused by them for the longest applicable period of limitations prescribed by California law. Nothing in the Contract Documents shall be construed to establish a period of limitation with respect to any other obligation of Contractor or claim of SchoolsFirst under the Contract Documents. Contractor acknowledges and agrees that prior to Final Acceptance of any Public Improvement by SchoolsFirst, that SchoolsFirst shall assign to the City any and all warranties or guarantees which Contractor is required to provide or obtain pursuant to the Construction Contract with respect to such Public Improvement, including, but not limited to, Subcontractors and manufacturers, and Contractor agrees to perform the Work under the Construction Contract on every Public Improvement in such a manner so as to preserve any and all such warranties. Contractor acknowledges and agrees that such assignment of warranties and guarantees to the City is not exclusive and that such assignment shall not preclude SchoolsFirst from pursuing its own claims against Contractor and/or any of Contractor's subcontractors, vendors, material. manufacturers and suppliers with respect to the Public Improvement. The above warranties and Tustin — SchoolsFirst — Development Exhibit I to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 3 guarantees shall remain in effect for a period of one (1) year commencing from the date of Final Acceptance of the Work on any Public Improvement by the City. Tustin — SchoolsFirst — Development Exhibit I to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 4 EXHIBIT J CONTRACTOR INSURANCE REQUIREMENTS Prior to commencement of any Work under this Contract, Schools First shall, or shall cause Contractor to comply with the following insurance requirements. SchoolsFirst shall cause the provisions of this Exhibit J to be attached to and incorporated into the Construction Contract and shall cause Contractor to include these terms in each Subcontract for performance of Work in connection with the construction of any Facility (and the term Construction Contract as used herein shall mean the Construction Contract or Subcontract, as applicable). The Construction Contract shall make City an express third party beneficiary with the right to enforce the requirement of SchoolsFirst, Contractor and Subcontractors, if any, to comply with the provisions of this Exhibit J. 1. General Requirements. a. Carrier Requirements. All insurance to be carried by Contractor will be maintained by Contractor at its cost with insurance carriers approved to do business in California, having a general policyholders rating of not less than an "A-" and financial rating of not less than "VIII" as currently rated by A.M. Best Company, or such other ratings as agreed upon in writing by SchoolsFirst in SchoolsFirst's Discretion. b. Insurance Limits; No Limitation of Liability. Contractor may provide the required insurance in whole or in part through a policy or policies covering other liabilities and projects of Contractor; provided, however, that any such policy or policies shall satisfy all of the requirements set forth in this Insurance Requirements Exhibit, including the endorsements described below. The required insurance limits stated in this Insurance Requirements Exhibit are minimum limits. Nothing contained in this Insurance Requirements Exhibit is to be construed as limiting the type, quality or quantity of insurance Contractor should maintain for its own protection. The carrying of insurance as specified herein shall not be construed to limit Contractor's liability under the Construction Contract or as a matter of Law. Nothing in this Insurance Requirements Exhibit shall be deemed to place any responsibility on SchoolsFirst for ensuring that the required coverages are sufficient for the conduct of Contractor's business. C. Evidence of Insurance. As evidence of the insurance required by this Insurance Requirements Exhibit, and except as otherwise provided below, SchoolsFirst will accept certificates of insurance from Contractor's insurance broker (and, where required below, endorsements from Contractor's insurance carrier) and other evidence of insurance acceptable to SchoolsFirst, showing the required coverages for the applicable insurance required of Contractor and Contractor's officers, employees, agents, representatives, as. well as any Subcontractors performing any portion of the Work for or on behalf of Contractor (collectively, "Contractor's Representatives") in force for the specified periods. SchoolsFirst has the right to obtain certified policies from Contractor and Contractor's Representatives and their insurance carriers as SchoolsFirst deems necessary. Such evidence shall be delivered to SchoolsFirst promptly upon execution of this Contract, or prior to commencement of Work under this Construction Contract, whichever earliest occurs, and show specifically the amount of the deductible or SIR under each policy. Each policy, certificate and endorsement shall be subject to approval by SchoolsFirst. Tustin — SchoolsFirst — Development Exhibit J to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 1 d. Changes in Coverage. In no event will any insurance required hereunder be amended or reformed or rescinded or terminated or otherwise changed or allowed to lapse prior to the earlier of the completion of the Work pursuant to the provisions of this Contract or termination of the Construction Contract or such longer period as may be specified in this Insurance Requirements Exhibit. Insurer endorsements (or a copy of the policy binder, if applicable) shall specifically identify this Contract and shall provide: that said insurance shall not be cancelled except if Contractor is given at least thirty (30) days advance written notice of any cancellation or termination of insurance. The foregoing requirement may also be satisfied upon provision of evidence by the insurer that Contractor has paid for its premium in full for any policy that is currently in place. In the event (i) any policy expires or is canceled before the expiration of this Contract or (ii) any policy is amended so that the required coverages are reduced or otherwise changed to the detriment of SchoolsFirst or any named insured, Contractor shall immediately bring such insurance into compliance with the requirements of this Contract and deliver new certificates and endorsements (and policies, if requested by SchoolsFirst) to SchoolsFirst upon the renewal, replacement or modification of such policy(ies). If Contractor fails to comply with the foregoing requirements, then SchoolsFirst reserves the right, but shall have no obligation, to procure such policy(ies) and to deduct the cost thereof from any sum due Contractor under this Contract, and Contractor shall fully cooperate in the purchase of such insurance. e. SIRS and Deductibles. SchoolsFirst shall be given the opportunity to approve and, in SchoolsFirst's Discretion, disapprove, the amount of any proposed self-insured retention ("SIR") or deductible in excess of Fifty Thousand Dollars ($50,000). If Contractor, with SchoolsFirst's approval, elects to maintain an SIR or deductible with respect to the insurance required by this Insurance Requirements Exhibit, it shall not apply to the additional insureds listed below and no such additional insured shall be obligated to reimburse such SIR or deductible or to pay Contractor as a reimbursable cost, any actual or imputed cost of maintaining such SIR or deductible. Notwithstanding the foregoing, any additional insured may satisfy the SIR or deductible on behalf of the Contractor or Contractor's Representative if the additional insured elects to do so. 2. Required Coverages. Contractor shall maintain the following insurance for the times provided herein: a. Workers' Compensation Insurance. Workers' Compensation Insurance, including Employer's Liability, with a minimum limit of One Million Dollars ($1,000,000) or the current limit carried by Contractor or the amount required to be carried by California law, whichever is greater, for all individuals whom Contractor employs in carrying out the Work. This insurance shall be in strict accordance with the requirements of the most current and applicable Workers' Compensation Insurance Laws in effect from time to time in California. Prior to the commencement of the Work under this Construction Contract, Contractor shall cause a waiver of subrogation endorsement from Contractor's insurance carrier to be delivered to SchoolsFirst in form satisfactory to SchoolsFirst in its sole discretion. b. Commercial General Liability Insurance. Commercial General Liability Insurance on an "occurrence" basis, with a minimum combined single limit for bodily injury, property damage and personal and advertising injury of Five Million Dollars ($5,000,000) or the current Tustin — SchoolsFirst — Development Exhibit J to City of Tustin / SchoolsFirst Agreement— 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 2 limits carried by Contractor, whichever is greater, unless other limits are agreed to in writing by SchoolsFirst, covering operations, independent contractors, products and completed operations, blanket contractual liability, broad form property damage, severability of interest and cross liability clauses, personal injury and explosion, collapse and underground hazards (X,C,U). The limits of liability specified in this Insurance Requirements Exhibit may be provided by any combination of primary and umbrella/excess liability insurance policies. Such policies shall be renewed annually for at least five (5) years after Final Acceptance by the City and completion of the Work under the Construction Contract. An endorsement to such policy satisfactory to SchoolsFirst and meeting the requirements set forth in the "Additional Insured Endorsement" section below shall be delivered to SchoolsFirst as required in the Contract. In addition, this Commercial General Liability Insurance shall comply with the following: (i) There shall be no limitation of coverage to vicarious liability and coverage shall extend to any independent liability of the additional insureds; (ii) There shall be no exclusionary language or limitations of coverage relating to soils subsidence or earth movement; (iii) Intentionally omitted; (iv) There shall be no exclusionary language or limitations that are applicable to the additional insured that are not also applicable to the named insured; (v) Intentionally omitted, and (vi) There shall be a provision that defense costs are paid in addition to and do not deplete any policy limits. C. Automobile Liability Insurance. Automobile liability insurance (including but not limited to owned and non -owned automobiles, as applicable) on an occurrence basis, covering all automobiles, trucks and other vehicles and trailers used by Contractor in connection with the Work, with a minimum combined single limit for bodily injury and property damage of not less than Two Million Dollars ($2,000,000) and uninsured motorists coverage of Two Million Dollars ($2,000,000), or, in each case, the current limited carried by Contractor, whichever is greater. d. Pollution Liability Insurance. With the exception of professional services being performed, Contractor (but not Subcontractors unless performing work involving Hazardous Materials) shall maintain pollution liability insurance covering liabilities and losses arising out of the Work. Such insurance shall: (i) provide coverage for, at a minimum, judgments, damages, settlements, legal fees and costs, bodily injury, property damage, remediation and emergency response costs arising out of or relating to the Work and all liability assumed under this Contract; (ii) apply with respect to Work performed at any location and to loading, unloading, transportation and disposal of any related materials or substances; (iii) be issued on a "claims made" basis, and provide coverage for liabilities or losses arising from any claim during the period from when the Work commences until at least five (5) years after the Work is completed; (iv) provide coverage limits of at least One Million Dollars ($1,000,000) or the limit already carried by Contractor for similar insurance, whichever is greater; (v) have a deductible of no more than Seventy -Five Thousand Dollars ($75,000); and (vi) "SchoolsFirst Federal Credit Union" and "the City of Tustin Tustin — SchoolsFirst — Development Exhibit J to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 3 and the Successor Agency to the Tustin Community Redevelopment Agency, and their respective elected and appointed officials, agents, representatives and employees" as additional insureds in the manner set forth in the "Additional Insured Endorsement" section of this Insurance Requirements Exhibit (if available in the insurance marketplace). Contractor shall comply with all policy warranties and shall do nothing to invalidate coverage. e. Transit Insurance. Contractor shall maintain "all risk" insurance, on a replacement cost basis covering loss or damage to property (for which it has title or risk of loss) which will become a final part of the Project, during its off -Project site transit and while stored or worked upon away from the Project. SchoolsFirst shall be included as a loss payee under such policy as its interests may appear. Said insurance shall have a self-insured retention or deductible. f. Rental Equipment. In the event that rental of equipment is undertaken to complete or perform the Work, Contractor shall be solely responsible for such rental equipment. Such responsibility shall include, but not be limited to, theft, fire, vandalism and use by unauthorized Persons. In addition to the other insurance coverage that Contractor is required to maintain under this Contract, Contractor may elect to obtain a "rental cost reimbursement endorsement" to provide coverage for any equipment it rents in connection with the Work. 3. Additional Insured Endorsement. SchoolsFirst and the parties described in this Section shall be included as additional insureds under the Commercial General Liability Insurance and, if Pollution Liability Insurance is required to be maintained by Contractor under this Insurance Requirements Exhibit, the Pollution Liability Insurance described above, pursuant to an endorsement to such policy(ies) in form satisfactory to SchoolsFirst in its sole discretion. The endorsement shall list the following parties as additional insureds: "SchoolsFirst Federal Credit union and all persons and entities controlling, controlled by or under common control with such entities, together with their respective owners, shareholders, partners, members, divisions, officers, directors, employees, and all of their respective successors and assigns; and the City of Tustin, the Tustin Finance Authority, the Successor Agency to the Tustin Redevelopment Agency, and all of their respective elected and appointed boards, officers, and employees." The policy coverage shall not contain any exclusionary language or limitations that are applicable to any additional insured that are not applicable to the named insured. In addition to the listing of additional insureds, the endorsement shall include a provision substantially conforming to the following: "This insurance is primary and any other insurance maintained by such additional insureds is excess and shall not be required to contribute with this insurance as respects claims or liability caused by, arising out of or resulting from the acts or omissions or work of the named insured, or of others who performed work on behalf of the named insured. Any of such additional insureds may, at his/her/its election, pay any self-insured retention or deductible amount in connection with any claim or liability for which coverage is or may be provided by such insurance notwithstanding any other provision of the policy." 4. Waiver of Subrogation. Contractor's release and waiver as set forth in the Construction Contract is intended to be binding upon the insurers of Contractor and shall preclude any such insurer from subrogating to any rights or Claims of Contractor against SchoolsFirst and the City. Tustin — SchoolsFirst — Development Exhibit J to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 4 5. Contractor's Representatives' Insurance. Contractor will not permit any of Contractor's Subcontractors to commence Work on any Facility until each such Contractor's Subcontractor, as applicable, has complied with all applicable insurance requirements stated in this Insurance Requirements Exhibit. In each Subcontract, Contractor shall make SchoolsFirst, the City and the other additional insureds listed above express third party beneficiaries to such Subcontract for insurance purposes. Each such Subcontract shall also require Contractor's Representative to comply with each and every requirement of this Insurance Requirements Exhibit applicable to Contractor, except with respect to the limits of such insurance which, instead, shall be as follows, unless such Contractor's Representative currently maintains higher limits, in which case such Contractor's Representative shall be required to maintain such higher limits: a. Workers' Compensation: Statutory Workers' Compensation and Employer's Liability with the following limits: (i) bodily injury by accident: One Million Dollars ($1,000,000) each accident; (ii) bodily injury by disease: One Million Dollars ($1,000,000) each employee; and (iii) bodily injury by disease: One Million Dollars ($1,000,000) policy limit. b. Commercial General Liabilitv: Two Million Dollars ($2,000,000) General Aggregate, One Million Dollars ($1,000,000) Products and Completed Operations Aggregate; One Million Dollars ($1,000,000) Personal and Advertising Injury Liability; One Million Dollars ($1,000,000). Any Subcontractors responsible for Work involving mass grading or trenching or other Work over five feet in depth shall carry Five Million Dollars ($5,000,000) per occurrence and aggregate liability coverages; Automobile Liability: One Million Dollars ($1,000,000) each occurrence. Tustin — SchoolsFirst — Development Exhibit J to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 5 EXHIBIT K PROFESSIONAL INSURANCE REQUIREMENTS (Does not apply to construction and installation) Schools First shall, or shall cause each Professional to comply with the following insurance requirements. SchoolsFirst shall cause the provisions of this Exhibit K to be attached to and incorporated into its contracts with each Professional and each such contract shall make City an express third party beneficiary with the right to enforce the requirement of SchoolsFirst and the Professional to comply with the provisions of this Exhibit K. Professional shall not enter on any Site or begin any portion of the Services under any Professional Services Agreement until it obtains all required insurance. Professional shall not permit any of its subconsultants to begin any portion of the Services until such subconsultants have complied with all applicable insurance requirements stated in this Professional Insurance Requirements Exhibit. 1. General Requirements. a. Carrier Requirements. All insurance to be carried by Professional shall be maintained by Professional at its expense with insurance carriers authorized to do business in California, having a general policyholders rating of not less than an "A-" and financial rating of not less than "VIII" in the most current Best's Key Rating Guide or other such ratings. b. Insurance Limits; No Limitation of Liability. Professional may provide the insurance described herein in whole or in part through a policy or policies covering other liabilities and projects of Professional; provided, however, that any such policy or policies shall satisfy all of the requirements set forth in this Professional Insurance Requirements Exhibit, including without limitation the endorsements described below ("Insurance Requirements"). The required coverage limits amounts stated in these Insurance Requirements are minimum coverage limit amounts. Nothing contained in these Insurance Requirements is to be construed as limiting the type, quality or quantity of insurance Professional should maintain for its protection or the extent of Professional's responsibility for payment of damages resulting from its operations under this Professional Services Agreement, nor shall anything contained herein be deemed to place any responsibility on SchoolsFirst for ensuring that the insurance required hereunder is sufficient for the conduct of Professional's business. C. Evidence of Insurance. As evidence of specified insurance coverage, and except as otherwise provided below, SchoolsFirst will accept certificates of insurance from Professional's insurance broker (and, where required below, endorsements issued by Professional's insurance carrier) showing such policies in force for the specified periods. SchoolsFirst has the right to obtain certified policies as reasonably necessary. Such evidence shall be delivered to SchoolsFirst within five (5) Business Days of execution of the Professional Services Agreement or prior to commencement of any Services, whichever earliest occurs, and show specifically the amount of the deductible or SIR under each policy. Each policy, endorsement and certificate shall be subject to approval by SchoolsFirst in SchoolsFirst's sole discretion. Professional shall also allow Tustin — SchoolsFirst — Development Exhibit K to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 1 SchoolsFirst to inspect and obtain such evidence of insurance that Professional obtains from any of its subconsultants. d. Changes in Coverage. In no event shall any insurance required under these Insurance Requirements be amended, reformed, rescinded or otherwise changed or allowed to lapse prior to termination of this Professional Services Agreement or any Project Agreement with Professional or such longer period as may be specified herein. Insurer endorsements (or a copy of the policy binder, if applicable) shall specifically identify this Professional Services Contract and shall provide that said insurance shall not be cancelled except if Professional is given at least thirty (30) days advance written notice of any cancellation or termination of insurance. The foregoing requirement may also be satisfied upon provision of evidence by the insurer that Professional has paid for its premium in full for any policy that is currently in place. In the event (i) any policy expires or is canceled before the expiration of this Professional Services Agreement or any Project Agreement or (ii) any policy of insurance is altered so that the coverage required by this Professional Services Agreement is reduced or otherwise changed to the detriment of SchoolsFirst or any named insured, Professional shall immediately bring such insurance into compliance with the requirements of this Professional Services Agreement and deliver new certificates and endorsements (and policies if requested by SchoolsFirst) to SchoolsFirst upon the renewal, replacement or modification of such policy(ies). If Professional fails to comply with the foregoing requirements, then SchoolsFirst reserves the right, but shall have no obligation, to procure such insurance and to deduct the cost thereof from any sum due Professional under this Professional Services Agreement or any Project Agreement. e. Levels of Coverage, Deductibles. Where a coverage limit amount specified in these Requirements is less than the current coverage limit generally carried by Professional for such insurance, Professional shall provide coverage at the higher coverage limit. SchoolsFirst, in SchoolsFirst's sole discretion, may approve commercially reasonable deductibles for the coverage limit amounts specified in these Insurance Requirements. If Professional, with SchoolsFirst's approval, elects to maintain a deductible with respect to insurance required hereunder, SchoolsFirst shall not be obligated to reimburse such deductible or pay Professional as a reimbursable cost any actual or imputed cost of maintaining the deductible. 2. Required Coverage. Professional shall maintain the following insurance for the periods provided herein: a. Workers' Compensation Insurance. Workers' Compensation Insurance, including without limitation Employer's Liability, at a minimum limit of One Million Dollars ($1,000,000) or the amount required to be carried by California law, whichever is greater, for all persons whom it employs in performing Services under this Professional Services Agreement or any Project Agreement. The foregoing insurance shall be in strict accordance with the requirements of the most current and applicable Worker's Compensation Insurance Laws in effect from time to time in California. Prior to the commencement of any portion of the Services, Professional shall deliver to SchoolsFirst a waiver of subrogation endorsement from the insurer in form and substance satisfactory to SchoolsFirst in SchoolsFirst's sole discretion and precluding any such insurer from subrogating to any rights or claims of Professional against SchoolsFirst and the City of Tustin ("City"). Tustin — SchoolsFirst — Development Exhibit K to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 2 b. Commercial General Liability Insurance. Commercial General Liability Insurance on an "occurrence" basis, with deductibles reasonably acceptable to SchoolsFirst, with a combined single limit for bodily injury and property damage of One Million Dollars ($1,000,000), or current limit carried, whichever is greater, covering Ongoing Operations, Independent Contractors, Blanket Contractual Liability, Broad Form Property Damage, Severability of Interest and Cross Liability clauses, and Personal Injury. An endorsement to such policy satisfactory to SchoolsFirst in SchoolsFirst's sole discretion and meeting the requirements set forth in the "Additional Insured Endorsement" section below shall be delivered to SchoolsFirst within five (5) Business Days of entering into this Professional Services Agreement. C. Automobile Liability Insurance. Automobile Liability Insurance (including but not limited to owned and non -owned automobiles, as applicable) on an occurrence basis, covering all automobiles, trucks and other motor vehicles used by Professional in connection with the performance of the Services under this Professional Services Agreement and any Project Agreement, with a combined single limit for bodily injury and property damage of not less than One Million Dollars ($1,000,000), or current limit carried, whichever is greater, and uninsured motorists coverage of One Million Dollars ($1,000,000) or limit carried, whichever is greater. d. Professional Errors and Omissions Liability Insurance. Professional shall maintain Professional Errors and Omissions Liability Insurance on a "claims made" basis, including but not limited to contractual and prior acts coverage, sufficient to cover the Services under each Project Agreement, with a coverage limit of not less than One Million Dollars ($1,000,000) per claim or current limit carried, whichever is greater, and with a deductible amount not greater than Fifty Thousand Dollars ($50,000). Such insurance shall be maintained during the term of this Professional Services Agreement and renewed annually for at least ten years thereafter, so long as such renewable coverage is available at commercially reasonable rates. Such insurance shall not contain any limitation or exclusion based upon the type or use of the structure or building, or for bodily injury or property damage based on subsidence, soil or earth movement, or mold. e. Pollution Liability Insurance. In the event that all or any portion of the Services involves inspection, testing, abatement or remediation involving or pertaining to pollution, environmental hazards or Hazardous Materials, including asbestos, mold, fungi or dry cleaner or service station materials or operations, then Professional shall maintain pollution liability insurance covering liabilities and losses arising out of such Services. Such insurance shall: (i) provide coverage for, at a minimum, judgments, damages, settlements, legal fees and costs, bodily injury, property damage, remediation and emergency response costs arising out of or relating to the Services and all liability assumed under this Professional Services Agreement; (ii) apply with respect to Services performed at any location and to loading, unloading, transportation and disposal of any related materials or substances; (iii) be issued on a "claims made" basis, and provide coverage for liabilities or losses arising from any claim during the period from when the Services commences until at least five (5) years after the Services is completed; (iv) provide coverage limits of at least One Million Dollars ($1,000,000) or the limit already carried by Professional for similar insurance, whichever is greater; (v) have a deductible of no more than Twenty -Five Thousand Dollars ($25,000), and (vi) include SchoolsFirst, the City, the Tustin Finance Authority and the Successor Agency to the Tustin Redevelopment Agency as additional insureds in the manner set forth in the "Additional Insured Endorsement" provision of Tustin — SchoolsFirst — Development Exhibit K to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 3 this Professional Insurance Requirements Exhibit. Professional shall comply with all policy warranties and shall do nothing to invalidate coverage. For purposes of this Professional Services Agreement, the term "Hazardous Material" shall have the meaning set forth at the end of this Professional Insurance Requirements Exhibit. 3. Other Requirements. The following requirements shall also apply to the Services performed under this Professional Services Agreement and any Project Agreement: a. Additional Insured Endorsement. SchoolsFirst and the parties described in this Section shall be included as additional insureds under the Commercial General Liability Insurance and, if such insurance is required to be maintained by Professional under this Professional Insurance Requirements Exhibit, the Pollution Liability Insurance described above, pursuant to (and Consultant shall provide) an endorsement to such policy(ies) in form approved by SchoolsFirst in SchoolsFirst's sole discretion. The endorsement shall list the following parties as additional insureds: "SchoolsFirst Federal Credit Union and all persons and entities controlling, controlled by or under common control with any of such entities, together with their respective owners, shareholders, partners, members, divisions, officers, directors, employees, representatives and agents, and all of their respective successors and assigns; the City, the Tustin Finance Authority, the Successor Agency to the Tustin Redevelopment Agency and all of their respective elected and appointed boards, officers, agents and employees." The policy coverage and endorsement shall not contain any exclusionary language or limitations that are applicable to any additional insured that are not applicable to the named insured. In addition to the listing of additional insureds, the endorsement shall also provide: "This insurance is primary and any other insurance maintained by such additional insureds is excess and shall not be required to contribute with this insurance as respects claims or liability caused by, arising out of or resulting from the acts or omissions or work of the named insured, or of others who performed work on behalf of the named insured. Any of such additional insureds may, at his/her/its election, pay any self-insured retention or deductible amount in connection with any claim or liability for which coverage is or may be provided by such insurance notwithstanding any other provision of the policy." b. Waiver of Subrogation. Any release and waiver of Professional contained in the Professional Services Agreement is intended to be binding upon the insurers of Professional and shall preclude any such insurer from subrogating to any Losses of Professional against SchoolsFirst or the City. C. Professional's Subconsultants' Insurance. Professional shall require by contract that each and every subconsultant shall obtain and maintain insurance equal to that required to be carried by Professional. Such agreement to provide insurance between Professional and Professional's subconsultants shall make SchoolsFirst an express third party beneficiary to Professional's agreement with Professional's subconsultants. Tustin — SchoolsFirst — Development Exhibit K to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 4 For purposes of this Professional Insurance Requirements Exhibit, the term "Hazardous Materials" shall mean and include the following: (a) "Hazardous Substance", "Hazardous Material', "Hazardous Waste", or "Toxic Substance" under the Comprehensive Environmental Response, Compensation and Liability Act of 1980, 42 U.S.C. subsection 9601, et seq., the Hazardous Materials Transportation Act, 49 U.S.C. subsection 5101, et seq., or the Resource Conservation and Recovery Act, 42 U.S.C. subsection 6901, et seq.; (b) An "Extremely Hazardous Waste", a "Hazardous Waste", or a "Restricted Hazardous Waste", under subsections 25115, 25117, or 25122.7 of the California Health and Safety Code, or is listed or identified pursuant to subsection 25140 or 44321 of the California Health and Safety Code; (c) "Hazardous Material', "Hazardous Substance", "Hazardous Waste", "Toxic Air Contaminant", or "Medical Waste" under subsections 25281, 25316, 25501, 25501.1, 117690 or 39655 of the California Health and Safety Code; (d) "Oil' or a "Hazardous Substance" listed or identified pursuant to Section 311 of the Federal Water Pollution Control Act, 33 U.S.C. Section 1321, as well as any other hydro carbonic substance or by-product; (e) A material listed or defined as a "Hazardous Waste", "Extremely Hazardous Waste", or an "Acutely Hazardous Waste" pursuant to Chapter 11 of Title 22 of the California Code of Regulations; (f) A material listed by the State of California as a chemical known by the State to cause cancer or reproductive toxicity pursuant to Section 25249.8(a) of the California Health and Safety Code; (g) A material which due to its characteristics or interaction with one or more other substances, chemical compounds, or mixtures, damages or threatens to damage, health, safety, or the environment, or is required by any law or public agency to be remediated, including remediation which such law or public agency requires in order for the property to be put to any lawful purpose; (h) Any material whose presence would require remediation pursuant to the guidelines set forth in the State of California Leaking Underground Fuel Tank Field Manual, whether or not the presence of such material resulted from a leaking underground fuel tank; (i) Pesticides regulated under the Feral Insecticide, Fungicide and Rodenticide Act, 7 U.S.C. subsection 136 et seq.; Tustin — SchoolsFirst — Development Exhibit K to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 5 (j) Asbestos, PCBs and other substances regulated under the Toxic Substances Control Act, 15 U.S.C. subsection 2601 et seq.; (k) Any radioactive material including any "source material', "special nuclear material', "by-product material', "low-level wastes", "high-level radioactive waste", "spent nuclear fuel' or "transuranic waste", and any other radioactive materials or radioactive wastes, however produced, regulated under the Atomic Energy Act, 42 U.S.C. subsection 2011 et seq., the Nuclear Waste Policy Act, 42 U.S.C. subsection 10101 et seq., or pursuant to the California Radiation Control Law, California Health and Safety Code Section 114960 et seq.; (1) A material regulated under the Occupational Safety and Health Act, 29 U.S.C. subsection 651 et seq., or the California Occupational Safety and Health Act, California Labor Code subsection 6300 et seq.; and/or (m) A material regulated under the Clean Air Act, 42 U.S.C. subsection 7401 et seq. or pursuant to Division 26 of the California Health and Safety Code. Tustin — SchoolsFirst — Development Exhibit K to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 6 EXHIBIT L LIEN RELEASE REQUIREMENTS Prior to commencement of any Work under this Contract, Schools First shall, or shall cause Contractor to comply with the following insurance requirements. SchoolsFirst shall cause the provisions of this Exhibit L (Sections A and B only) to be attached to and incorporated into the Construction Contract and shall cause Contractor to include these terms in each Subcontract for performance of Work in connection with the construction of any Facility (and the term Construction Contract as used herein shall mean the Construction Contract or subcontract, as applicable). The Construction Contract and each Subcontract shall make City an express third party beneficiary with the right to enforce the requirement of SchoolsFirst, Contractor and Subcontractors, if any, to comply with the applicable provisions of this Exhibit L. Final Payment Applications to City With each Final Payment Application, SchoolsFirst will submit to the City: 1. Conditional Lien Release from Contractor and Contractor's Subcontractors as to the completed work. (Unconditional lien release from Contractor must be given to City within fifteen (15) Business Days of SchoolsFirst's receipt of final payment from City.) 2. Conditional and Unconditional Lien Releases from Contractor and all of Contractor's Subcontractors (other than from Subcontractors for which an unconditional lien release has previously been given to City) in accordance with the "Final Retention Billings" requirements on page 2 of this Exhibit. SchoolsFirst acknowledges that the City will not provide a final payment to SchoolsFirst until unconditional lien releases from all Contractor's Subcontractors have been provided by SchoolsFirst. Note: Original (wet signature) or fax copies of releases are acceptable for Final Payment Applications. All lien releases required herein shall be in the applicable statutory forms. Tustin — SchoolsFirst — Development Exhibit L to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 1 SCHOOLSFIRST FEDERAL CREDIT UNION— Lien Release Requirements for Bonded Construction Contracts A. Progress Billings: 1. Contractor shall provide and shall obtain conditional and unconditional releases from Contractor's Subcontractors and will generally be required as follows: a. Conditional lien releases from itself and from all Contractor's Subcontractors performing 5% or more of the work as designated on the Exhibits to the Construction Contract; and b. Conditional lien releases from itself and from all Contractor's Subcontractors performing less than 5% of the work as requested by Contractor. 2. Conditional Lien Releases are required from Contractor and from Contractor's Subcontractors listed on the Contractor's current (PC -4) billing form that have unpaid invoices at the time the progress billing is submitted by Contractor. If one or more of the listed Contractor's Subcontractors have no unpaid invoices, Contractor shall submit with its progress billing package either: a. A $0 release from such Subcontractor(s); or b. A letter from Contractor attesting that such Subcontractor(s) have no unpaid invoices for the current billing period. B. Final Retention Payment Billings: Contractor must provide conditional releases for any Subcontractors noted on the PC -4 billing form and others who have filed a California Preliminary Notice. A list of Subcontractors who have filed a Preliminary Notice can be obtained by contacting or his designee. 2. In order for the final Request to be considered complete, all requested lien releases must be provided: Joint checks will be cut for any Subcontractors whose lien releases show a balance due, unless Contractor notifies SchoolsFirst in writing that there is a dispute between Contractor and a Subcontractors, in which event no check will be issued with respect to such Subcontractors. If Contractor is able to resolve the dispute within 10 Business Days, SchoolsFirst will issue the joint check to Contractor and the applicable Subcontractors; otherwise, Contractor must submit the Request again in the next billing cycle. Tustin — SchoolsFirst — Development Exhibit L to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 2 EXHIBIT M FORM OF PAYMENT BOND - - - [Attached]_- - - - - Tustin — SchoolsFirst — Development Exhibit M to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 1 Bond No. Amount . Premium CITY OF TUSTIN PUBLIC CONTRACT LABOR AND MATERIALS PAYMENT BOND KNOW ALL MEN BY THESE PRESENTS: That {insert Contractor) and its successors and assigns, as and hereinafter referred to collectively as "Principal', and a corporation organized and existing under the laws of the State of and duly authorized to transact surety business in the State of California, as and hereinafter referred to as, "Surety", are held and firmly bound unto the City of Tustin hereinafter referred to as the "City" in the sum of $ for payment of which Principal and Surety bind themselves, their heirs, administrators, successors and assigns, jointly and severally as follows: THE CONDITION OF THE ABOVE OBLIGATION IS THAT: WHEREAS, Principal has entered into that certain Construction Contract as defined in that certain Infrastructure Construction and Reimbursement Agreement by and between the City and SchoolsFirst dated , to do and perform the following, generally described work, which is more particularly described in said Construction Contract for the construction of: [list all Public Improvements] WHEREAS, Principal shall commence and complete the construction and installation of such improvements provided in said contract; and NOW THEREFORE, if Principal shall pay the Subcontractor(s) of all tiers, and all persons renting equipment or furnishing labor or materials to them for such improvements, for the full cost of such improvements and submit amounts due under the State Unemployment Insurance Act with respect to such labor, then this obligation shall be null and void. PROVIDED, HOWEVER, if Principal shall not pay the Subcontractor(s) of all tiers and all persons renting equipment or furnishing labor or materials to them for such improvements for the full cost of such improvements, or if Principal fails to submit amounts due under the State Unemployment Insurance Act with respect to such labor, then Surety will pay for the same in an amount not exceeding the sum' set forth above, which amount shall inure to the benefit of all persons named in Civil Code Section 9100. PROVIDED FURTHER, HOWEVER, that Surety stipulates and agrees that no change, extension of time, alteration or modification of the contract documents or of the work to be Tustin — SchoolsFirst — Development Exhibit M to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 2 performed there under shall in any way affect its obligation on this bond and it does hereby waive notice of any such change, extension of time, alteration or modification of the contract documents or of the work to be performed there under; and PROVIDED FURTHER, that in case suit is brought upon this bond by the City or SchoolsFirst or any other person named in Civil Code Section 9100 who may bring an action on this bond, a reasonable attorney's fee, to be fixed by the Court, shall be paid by Principal and Surety. IN WITNESS WHEREOF, Principal and Surety have caused these presents to be duly signed and sealed day of , 20_. SURETY: (SEAL) APPROVED AS TO FORM: City Attorney (SEAL) APPROVED AS TO CONTENT: Tustin — SchoolsFirst — Development Agreement — 5-14-19 FINAL (Name) Attorney -in -Fact Address of Surety: PRINCIPAL: BY: (Name) TITLE: Address of Principal: Exhibit M to City of Tustin / SchoolsFirst Reimbursement Agreement Federal Credit Union 3 Date City Engineer Note: Attach proper acknowledgments for both Surety & Principal. Tustin — SchoolsFirst — Development Exhibit M to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union EXHIBIT N FORM OF PERFORMANCE BOND [Attached] Tustin — SchoolsFirst — Development Exhibit N to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union Bond No Amount. Premium CITY OF TUSTIN PUBLIC CONTRACT FAITHFUL PERFORMANCE BOND KNOW ALL MEN BY THESE PRESENTS: That (insert Contractor), as and hereinafter referred to as "Principal" and a corporation organized and existing under the laws of the State of and duly authorized to transact surety business in the State of California, as, and hereinafter referred to as, "Surety", are held and firmly bound unto the City of Tustin, a California municipal corporation ("City") as and hereinafter referred to as "Obligee", in the sum of $ for payment of which Principal and Surety bind themselves, their heirs, administrators, successors and assigns, jointly and severally as follows: THE CONDITION OF THE ABOVE OBLIGATION IS THAT: WHEREAS, Principal has entered into that certain Construction Contract as defined in that certain Infrastructure Construction and Reimbursement Agreement by and between City and SchoolsFirst dated , to do and perform the following, generally described work, which is more particularly described in said Construction Contract for the construction of. [list all Public Improvements) WHEREAS, all of such improvements are to be constructed and installed in accordance with the plans and specifications described, referred to and incorporated in said contract; and WHEREAS, Principal shall commence and complete the construction and installation of such improvements as provided in said contract; and NOW, THEREFORE, if Principal shall faithfully perform all agreements contained in the aforesaid contract, then this obligation shall be null and void. PROVIDED, HOWEVER, if Principal shall not faithfully perform all agreements contained in the hereinabove described contract and all obligations, then this obligation shall remain in full force and effect. PROVIDED FURTHER HOWEVER, that Surety hereby stipulates and agrees that no change, extension of time, alteration or modification of the contract documents or of the work to be performed there under shall in any way affect its obligation on this bond and it does hereby waive notice of any such change, extension of time, alteration or modification of the contract documents or of the work to be performed there under; and Tustin — SchoolsFirst — Development Exhibit N to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 2 PROVIDED FURTHER, that in case suit is brought upon this bond by the Obligee or any other person who may bring an action on this bond, a reasonable attorney's fee, to be fixed by the Court, shall be paid by Principal and Surety. IN WITNESS WHEREOF, Principal and Surety have caused these presents to be duly signed and sealed this _ day of , 20_. (SEAL) APPROVED AS TO FORM: City Attorney SURETY: PRINCIPAL: IM (Name) Attorney -in -Fact Address of Surety: (Name) (SEAL) TITLE: Address of Principal: APPROVED AS TO CONTENT: Date City Engineer Note: Attach proper acknowledgment for both Surety & Principal. Tustin — SchoolsFirst — Development Exhibit N to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 3 EXHIBIT O COVENANTS OF CONTRACTOR SchoolsFirst hereby agrees that it shall cause the Contractor, in the Construction Contract, to make the following covenants in favor of SchoolsFirst and the City, and that City shall be an express third party beneficiary with respect to Contractor's covenants in such Construction Contract. To effect the above requirement, SchoolsFirst shall (1) cause the provisions of this Exhibit O to be attached to and incorporated into the Construction Contract, (2) cause Contractor to make the covenants set forth in this Exhibit O for the benefit of the City and (3) cause Contractor to include these terms in each Subcontract for performance of Work in connection with the construction of any Facility (and the term Contract Document as used herein shall mean the Construction Contract or Subcontract, as applicable, to which this Exhibit is attached). The Construction Contract and each Subcontract shall make City an express third party beneficiary with the right to enforce the requirement of SchoolsFirst, Contractor and Subcontractors, if any, to comply with the applicable provisions of this Exhibit O. (a) Completion of Facilities. Contractor covenants that it will use its reasonable and diligent efforts to perform all of its duties and obligations under the Contract Documents and will provide all labor, materials, equipment, supplies, tools, permits, supervision, transportation, services, sales tax and all other things necessary to complete the Facilities in accordance with the Approved Project Plans therefor, as applicable, including all Work expressly specified therein and reasonably inferred from the Approved Project Plans, the Schedule of Performance and the Construction Schedule. (b) Compliance with Laws. Contractor covenants that in carrying out its obligations under the Contract Documents and in construction of the Facilities, it shall comply with all applicable Governmental Requirements and with the applicable provisions of the Special Restrictions pertaining to construction period maintenance. During the period while the Facilities are required to be maintained by Contractor pursuant to the Construction Contact, Contractor will not commit, suffer or permit any of its agents, employees or Contractor to commit any act to be done in, upon or to the Facilities in violation of any applicable Governmental Requirement. (c) Request for Acceptance. Contractor covenants that it will not submit a request for payment under the Contract Document for the costs of any improvements that are not part of the Reimbursable Improvements; and (ii)' it will diligently follow all procedures set forth in this Agreement with respect to each Request for Acceptance for a Completed Public Improvement. (d) Financial Records. Until the Acceptance Date of each Reimbursable Improvement, Contractor covenants to maintain proper books of record and account for each such Reimbursable Improvement and all costs related thereto. SchoolsFirst shall have a right to access the books of record and account of Contractor relating to each such Reimbursable Improvement and all costs related thereto, and SchoolsFirst covenants that its books of record and account for each such Reimbursable Improvement and all costs related thereto and the books of record and account of Contractor relating to the same will be available for inspection by the City within ten Tustin — SchoolsFirst — Development Exhibit O to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 1 (10) calendar days after the City submits a written request to SchoolsFirst requesting that such books of record and account be made available for inspection. (e) Environmental Matters Relating to Public Improvements. With respect to each Public Improvement, Contractor covenants that will not and will not permit any Subcontractor to, use, generate, manufacture, procure, store, release, discharge or dispose of (whether accidentally or intentionally) at any time on or prior to the later of the Acceptance Date of such Public Improvement by the City, any Hazardous Materials on, under or in such Public Improvement or the Site of any such Public Improvement, or transport (whether accidentally or intentionally) any Hazardous Materials to or from such Public Improvement or such Site, in violation of any federal, State or local law, ordinance, regulation, rule or decision regulating Hazardous Materials in effect at the time of such use, generation, manufacturing, procurement, storage, release, discharge, disposal or transportation, other than for any Hazardous Materials that may be contained in the materials or components of such Public Improvement as required by the Approved Project Plans or incidental uses of Hazardous Materials by SchoolsFirst, Contractor, any Subcontractor or other Persons retained by SchoolsFirst that are in full compliance with all Environmental Laws and all other Governmental Requirements. (f) Permits. Contractor covenants that it will obtain all governmental or other permits required to proceed with the construction of the Facilities. Tustin — SchoolsFirst —Development Exhibit O to City of Tustin / SchoolsFirst Agreement — 5-14-19 FINAL Reimbursement Agreement Federal Credit Union 2