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PROFESSIONAL SERVICES AGREEMENT <br />FEASIBILITY STUDY FOR PROPOSED REDEVELOPMENT AREAS <br /> <br />THIS AGREEMENT is made and entered into this 16th day of August, 2002 , <br />("Effective Date") by and between the REDEVELOPMENT AGENCY FOR CITY OF <br />RIVERSIDE, a public entity ("Agency"), and GRC Redevelopment Consultants, Inc., 701 South <br />Parker Street, Suite 7400, Orange, California 92868 ("Contractor"). <br /> <br /> 1. Scope of Services: Agency agrees to retain and does hereby retain Contractor and <br />Contractor agrees to provide the services more particularly described in Exhibit "A", "Scope of <br />Services" ("Services"), attached hereto and incorporated herein by reference, in conjunction with <br />the proposed formation of two redevelopment project areas which include the La Sierra <br />community and a portion of the Highgrove/Hunter Park community ("Project"). <br /> <br /> 2. Term: This Agreement shall conunence on the Effective Date and the Agreement <br />shall remain in force and effect during performance of the Services. Performance of the Services <br />shall be completed no later than eight weeks from the effective date of the Agreement, unless the <br />time for performance is extended in writing by mutual consent of both parties. Contractor agrees <br />that notwithstanding the termination of this Agreement, Contractor shall be available to testify in <br />depositions or as an expert witness in any case in which such Services would, in the Agency's <br />discretion, be required. If required by Agency, any report that is generated pursuant to the <br />Services shall be addressed to the City Attorney of the City of Riverside ("City Attorney"). <br /> <br /> 3. Compensation/Payment: Contractor shall perform the Services under this Agreement <br />for a total fee of Nine Thousand Eight Hundred Dollars ($9,800.00). Said payment shall be made <br />in accordance with Agency's usual accounting procedures upon receipt and approval of an <br />itemized invoice setting forth the services performed. The invoices shall be in triplicate and shall <br />be delivered to Agency at the address set forth in Section 4 hereof. <br /> <br /> 4. Notices: Any notices required to be given hereunder shall be in writing and shall be <br />personally served or given by mail. Any notice given by mail shall be deemed given when <br />deposited in the United States Mail, certified and postage prepaid, addressed to the party to be <br />served as follows: <br /> <br />To Agency <br /> <br />To Contractor <br /> <br />Contract Administrator <br />Redevelopment Agency for <br />the City of Riverside <br />3900 Main Street <br />Riverside, CA 92522 <br /> <br />Ernest Glover, Principal <br />GRC Redevelopment Consultants, Inc. <br />701 South Parker Street, Suite 7400 <br />Orange, CA 92868 <br /> <br /> <br />