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Resolution No. 97501 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 RESOLUTION NO. 9750 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF VERNON APPROVING AND RATIFYING THE EXECUTION OF AN ACCESS AGREEMENT BY AND BETWEEN THE CITY OF VERNON AND K-2 PROP CO. LA, L.P. FOR PROPERTY LOCATED AT 5119 DISTRICT BOULEVARD IN THE CITY OF VERNON WHEREAS, the City of Vernon and K-2 Prop Co. LA, L.P. ("K- 2") are in the process of negotiating a lease for the property located at 5119 District Boulevard in the City of Vernon (`Property") to construct certain improvements on the Property; and WHEREAS, prior to executing the lease, K-2 desires to enter onto the Property in order to undertake certain due diligence, including, without limitation, undertaking geotechnical studies that will involve borings on the Property; and WHEREAS, the City desires to enter into an agreement with K- 2 setting forth the terms and conditions under which the City will grant access to the Property; and WHEREAS, in order,to meet the urgent need for access to the Property, the Mayor Pro-Tem executed an Access Agreement on October 28, 2008, subject to ratification by the City Council; and WHEREAS, the City Council desires to approve and ratify the actions of the Mayor Pro-Tem in executing the Access Agreement. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF VERNON AS FOLLOWS: SECTION 1: The City Council of the City of Vernon hereby finds and determines that the recitals contained hereinabove are true and correct. SECTION 2: The City Council of the City of Vernon hereby I approves and ratifies the Access Agreement with K-2, a copy of which 2 is attached hereto as Exhibit A and incorporated by reference. 3 SECTION 3: The City Council of the City of Vernon hereby 4 authorizes the City Administrator, or his designee, to execute any and 5 all documents as shall be required consistent with the terms of the 6 Access Agreement. 7 SECTION 4: The City Clerk of the City of Vernon shall 8 certify to the passage of this resolution, and thereupon and 9 thereafter the same shall be in full force and effect. 10 APPROVED AND ADOPTED this 3rd day of November, 2008. 11 12 L 13 Name: Hilario Gonzales 14 Title: "� / Mayor Pro-Tem 15 AT EST: 16 17 UELA GIRON, ity Clerk 18 19 20 21 22 23 24 25 26 27 28 - 2 - 1 STATE OF CALIFORNIA ) ss -2 COUNTY OF LOS ANGELES ) 3 4 I, MANUELA GIRON, City Clerk of the City of Vernon, do hereby 5 certify that the foregoing Resolution, being Resolution No. 9750, was 6 duly,adopted by the City Council of the City of Vernon at regular 7 meeting of the City Council duly held on Monday, November 3, 2008, and 8 thereafter was duly signed by the Mayor or Mayor Pro-Tem of the City of 9 Vernon. 10 11 MANUELA GIR ity Clerk 12 13 (SEAL) 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 3 - EXHIBIT A ACCESS AGREEMENT This Access Agreement (this "Agreement") is entered into as of October 23, 2008 by and between the City of Vernon (the "City") and K2 Pure Solutions Vernon, L.P, a Delaware limited partnership ("K-2") in regard to the property located at 5119 District Blvd., Vernon, California (the "Property"), based on the following facts and circumstances: A. The City and K-2 are in the process of negotiating a lease (the "Lease") with respect to the Property. Pursuant to the Lease, K-2, its employees, agents, consultants, contractors, subcontractors and/or other authorized representatives (collectively, the "K-2 Parties") will be constructing certain improvements on the Property in accordance with plans and specifications that are subject to the approval of the City. B. K-2 desires to undertake certain due diligence, including, without limitation, undertaking geotechnical studies that will involve borings on the Property prior to the execution of the Lease, and the City desires to grant to the K-2 Parties a license to enter the Property for purposes of performing its due diligence on the terms and conditions of this Agreement. Therefore, the parties agree as follows: 1. The K-2 Parties are hereby granted a temporary, revocable license to enter onto the Property for a period of thirty (30) calendar days following the effective date of this Agreement for due diligence purposes. This Agreement provides the K•-2 Parties with temporary access to the Property, and under no circumstance will this Agreement ripen into an agreement for permanent access, or a lease or easement (whether under claim of prescriptive right or otherwise) or any other interest in the Property in favor of K-2. The K-2 Parties will only undertake due diligence, and not commence any construction until the Lease has been signed, and the plans have been approved. For clarification purposes, the parties acknowledge and agree that the license granted herein is revocable only pursuant to and in accordance with Section 13 hereof. 2. If negotiations of the Lease conclude unsuccessfully, the K-2 Parties shall promptly cease all due diligence at the Property, remove all of its equipment located at the Property, and repair any damage done to the Property by the K-2 Parties at K-2's sole cost and expense. 3. The K-2 Parties shall provide not less than 48 hours' prior notice of its intent to enter onto the Property, which notice shall be given to Lew Pozzebon by telephone at 323-583- 8811 or by email at 1pozzebon@ci.vemon.ca.us, and provided further that all notices shall be given and all work shall be performed on Monday through Thursday (excluding holidays). 4. The performance of the due diligence shall be at K-2's sole cost, expense and risk. All due diligence shall be undertaken in accordance with good and proper techniques, using personnel and equipment qualified to perform the work being undertaken, and shall be undertaken in compliance with all applicable statutes, codes, ordinances and regulations. All required permits will be properly obtained. All holes, borings, trenches, or other invasive work 0 19 1 O 0052 176547. 1 01910100S? 180531.1 performed at the Property by the K-2 Parties will be properly filled in or returned to the condition existing prior to entry by the K-2 Parties, and any unsafe conditions at the Property caused by the K-2 Parties shall be repaired and that portion of the Property shall be returned to the condition existing prior to entry by the K-2 Parties. 5. K-2 acknowledges that the City has performed certain remediation at the Property, but that the final demolition of all buildings and remediation has not yet been completed. K-2 acknowledges that the prior and ongoing remediation and demolition creates certain hazards on the Property, including, without limitation, possible release of particles and dust, possible holes or trenches on the Property, possible unstable structures on the Property, and other possible hazards that could result from remediation or demolition on the Property ("Hazards"). K-2 also acknowledges that geotechnical investigations have inherent risks in addition to those identified as known or suspected Hazards and will ensure that the K 2 Parties apply appropriate safety precautions. K-2 shall cause to be delivered to the City a copy of the K- 2 Parties' work plan that shows or describes the locations at which the K-2 Parties intend to conduct borings or other invasive testings or inspections. K-2, for itself, its officers, directors, shareholders, the K-2 Parties, and others entering onto the Property at the request of K-2, hereby releases the City, its elected officials, staff, employees, representatives and agents (the "City Parties"), from all claims, actions, losses, damages, injuries, costs and expenses (including, without limitation, reasonable attorneys' fees and costs, and costs of litigation, including costs of experts and witnesses) (collectively, "Claims"), including all Claims of illness, injury, death, or property damage, arising out of or resulting from the entry onto the Property or the performance of any due diligence or work thereon by any K-2 Party; provided, however, that the foregoing release shall not apply with respect to Claims that are both the direct result of the gross negligence or willful misconduct of any of the City Parties and are not insured or required to be insured by K-2 under this Agreement. 6. K-2 agrees that it does not have any claim to any leasehold or other interest or estate of any kind in the Property by virtue of this Agreement. 7. Prior to entering onto the Property, K-2 and/or the K-2 Parties shall (i) procure, pay for and keep in full force and effect during the entire period in which the K-2 Parties have access to the Property; the insurance described in Exhibit "A" attached hereto and incorporated herein by this reference, and the insurance described in this Paragraph 7. The required insurance shall mean and include (and if not listed on Exhibit "A" shall nevertheless include): (i) an occurrence form commercial general liability policy with respect to the Property and the activities of the K-2 Parties relating to the Property in which the limits with respect to personal injury or death and property damage shall not be less than Two Million Dollars ($2,000,000) per occurrence, (h) an occurrence form pollution liability insurance policy with respect to the Property and the activities of the K-2 Parties relating to the Property in which the limits shall not be less than Five Million Dollars ($5,000,000) per occurrence, and (iii) Workers' Compensation and Employer's Liability Insurance as required by law with a limit of liability of at least One Million Dollars ($1,000,000) each occurrence/aggregate. Each of the foregoing policies under (i) and (ii) shall name the City, its officers and employees as additional insured parties as its interests may appear. The policy described in clause (i) shall include contractual liability coverage, oral and written, operations premises liability, personal injury, independent contractors, broad form property damage, and cross -liability coverage. The policies shall not -2 01910/0051 176547.1 01910/0051 180531.1 contain any intra-insured exclusions as between insured persons or organizations, but shall include coverage for liability assumed by K-2 and/or the K-2 Parties under this Agreement as an "insured contract" for the performance of K-2's indemnity obligations under this Agreement. The limits of said insurance shall not, however, limit the liability of K-2 nor relieve K-2 of any obligation hereunder. All insurance carried by K-2 and/or the K-2 Parties shall be primary to and not contributory with any similar insurance carried by the City, whose insurance shall be considered excess insurance only. If a K-.2 Party maintains the requisite insurance as stated herein, any subcontractor performing work for that contractor shall not be required to maintain its own insurance at the stated levels. S. All insurance required herein shall be by companies duly licensed or admitted to transact business in the State of California, and maintaining during the policy term a "General Policyholders Rating" of at least B+, V, as set forth in the most current issue of "Best's Insurance Guide". K- 2 and the K-2 Parties shall not do or permit to be done anything which invalidates the required insurance policies. K-2 shall, prior to entering the Property (or allowing any K-2 Parties to enter the Property), cause to be.delivered to the City certificates evidencing the existence and amounts of the required insurance (including the Declaration Page and Schedule of Forms of Endorsement). No such policy shall be cancelable or not -renewed except after 30 days prior written notice to the City. K-2 shall cause to be furnished to the City renewal certificates within 10 days prior to expiration as evidence of renewals. Such policies shall be for a term of at least one year. 9. K-2 shall cause the K-2 Parties to coordinate with the City in connection with the due diligence. The K-2 parties shall provide the City with advance notice of any entry onto the Property including a description of what work is planned, and in what areas of the Property the work will be performed. 10. 1n connection with its due diligence or its exercise of any rights under this Agreement, K-2 shall promptly pay for any work done or material furbished by or on behalf of K-2 in or about the Property and will not permit or suffer any lien to attach to the Property and shall have no authority or power, express or implied, to create or cause any lien, charge or encumbrance of any kind against the Property. 11. K-2 shall protect, defend, indemnify and hold harmless the City and its officers and employees, and each of them, jointly and severally, against and from any and all claims, demands, causes of action, damages, costs (including, without limitation, all costs and expenses of defense, such as consultants and expert witnesses, and reasonably attorneys' fees), expenses, losses and liabilities (collectively, a "Loss"), at law or in equity, of every kind or nature whatsoever, including, but not limited to, injury to or death of any person or persons and damage to or destruction of any property, threatened, brought or instituted, arising out of or in any manner directly or indirectly connected with the entry upon the Property by K-2 or any of the K- 2 Parties; provided, however, K-2 shall not be liable for, and the foregoing indemnity shall not apply to, any Loss to the extent caused or resulting from the gross negligence or willfiiI misconduct of the City. The indemnities set forth herein shall survive the termination of this Agreement. -3- 01910YO052 176547.1 01910/0052 180531.1 12. The term of this Agreement shall commence as of the date set forth above, and shall terminate at 6:00 PM on the thirtieth calendar day after such date, subject to earlier termination as set forth below. 13. Notwithstanding the term of this Agreement, the license granted to the K-2 Parties herein shall be revocable in whole or in part by the City upon written notice from the City to K-2 that a K-2 Party has failed to comply with any material provision of this Agreement if such default is not cured within one day following delivery of notice of default. The revocation of the license granted herein shall in no way prejudice any of the rights and remedies available to the City at law or in equity. If the license granted herein is revolted, the K-2 Parties shall promptly cease all due diligence at the Property and repair any damage done to the Property by the K-2 Parties, at K-2's sole cost and expense. 14. In the event either party hereto brings suit to enforce the terms of this Agreement or on account of breach hereof, the party not prevailing in such suit shall pay any and all costs and expenses incurred by the other party in such suit, including, without limitation, court costs and attorneys' fees. 15. This Agreement sets forth the entire agreement of the parties with respect to the subject matter hereof and supersedes all prior discussions, negotiations, understandings or agreements relating thereto. 16. No alteration or variation of this Agreement shall be valid or binding unless made in writing and signed by the parties hereto. 17. This Agreement may be executed in counterparts, and facsimile signatures shall be enforceable and binding on the parties, provided, however, that the parties shall exchange originally signed documents on a reasonably prompt basis. -4- 01910:r0052 176547.1 01910/0052 180531.1 Executed as of the date first above written. K2 Pure Solutions Vernon, L.P. The City of Vernon By its General Partner, K2 Vernon GP, LLC { 1 I J Name: No La Owd &1-4 1 Hilario Gonzales, Mayor Pro-Tem Title: CIE 0 Attest: By: Name: By: Title: Manuela Giron, City Cler Approved as to F, -5- 0 i 910/0052 176547.1 01910/0053 180531.1 EXHIBIT A ACCESS AGREEMENT K-2 PROP CO. LA, L.P. / THE CITY OF VERNON INSURANCE SCHEDULE K-2 and/or its agents, consultants, contractors entering onto the Property shall provide proof of insurance, including a standard certificate of insurance, in at least the following amounts and coverage (combined single limit permitted): Covera a and Limits Hazards Automobile Liability Owned Automobiles Hired Automobiles Non -Owned Automobiles Workers' Compensation Employers' Liability Liability Premises Operations Elevators (if applicable) Independent Contractors Products - Completed Operations Contractual Liability Umbrella Liability General Liability Professional Liability Enviromnental Pollution Bodily Injury Each Pcrson Each Accident $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $1,000,000 $ Statutory $1,000,000 per employer Property Damage Each Accident $500,000 $500,000 $500,000 $2,000,000 $2,000,000 $1,000,000 $2,000,000 $2,000,000 $1,000,000 $2,000,000 $2,000,000 $1,000,000 $2,000,000 $2,000,000 $1,000,000 $2,000,000 $2,000,000 $1,000,000 S2,000,000 $2,000,000 $1,000,000 $2,000,000 $2,000,000 $1,000,000 $2,000,000 $2,000,000 $1,000,000 $5,000,000 $5,000,000 $5,000,000 The general liability policy shall contain the following special items which shall be noted on or attached to the standard certificate of insurance: I . An endorsement naming the City of Vernon, its officers, and employees as additional insureds (or loss payees, as the case may be) under the policy. 2. An endorsement providing the City of Vernon thirty (30) days notice of cancellation or material reduction of coverage. 3. An endorsement providing coverage for all operations under the City of Vernon permit and specifying the activities covered. 4. A copy of your general and umbrella insurance policy declarations page. 5. Copy of schedule of forms of endorsements. -6- 019I0/0052 176547.1 019 t 010052 180531.1