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AGREEMENT FOR PROFESSIONAL CONSULTANT SERVICES (UNIVERSITY VILLAGE FOURTH IMPLEMENTATION AGREEMENT) THIS AGREEMENT is made and entered into this 2nd day of November, 1999, by and between the Redevelopment Agency for the City of Riverside, a public entity, hereinafter referred to as "Agency," and Mark Briggs & Associates, Inc., a California Corporation, located at 505 North Tustin Avenue, Suite 115, Santa Ana, California 92705, hereinafter referred to as "Consultant. " WITNESSETH: In July 1995, the Redevelopment Agency assisted with the Phase I University Village development. The project included a ten-plex movie theater and theater-related uses including retail/commercial users such as restaurants, office tenants and retail tenants. The proposed Phase II development will include a 32,OOO-square-foot commercial/retail building along University Avenue, a two-story 24-Hour Fitness facility and a 6-1/2 level parking structure in the middle of the property, and pad development along Iowa Avenue. The developer has indicated that financial assistance is required for the proposed parking structure. Agency staff and financial consultants are currently working on a financing mechanism that will provide the developer with the financial assistance warranted. WHEREAS, Agency requires the assistance of a consultant that is experienced in providing economic analysis and financial analysis to public clients and is familiar with the plans of the Agency to identify and finalize the terms of Agency participation via an Implementation Agreement for the parking structure of the Phase II University Village project; WHEREAS, Consultant has the necessary experience in providing professional consulting services and advice on various issues affecting the decisions of the Agency staff regarding economic and financial analysis concerning the development of an Implementation Agreement for the Phase II University Village parking structure; and WHEREAS, Consultant has affirmed its willingness and ability to perform such work; NOW, THEREFORE, Agency and Consultant agree as follows: 1. Retention of Consultant. Agency retains Consultant to perform, and Consultant agrees to render, those services (hereinafter "the services") defined in Exhibit "A" attached hereto and incorporated herein by this reference in accordance with the terms and conditions set forth herein. 2. Standard of Performance. While performing the services, Consultant shall exercise the reasonable professional care and skill customarily exercised by reputable members of Consultant's profession practicing in the Metropolitan Southern California Area, and shall use reasonable diligence and best judgment while exercising its professional skill and expertise. 3. Term. The term of this Agreement shall be from the date first above written to January 31, 2000, unless earlier terminated as provided herein. 1 RJA i1-;;).q9 R-A- /q7