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REIMBURSEMENT AGREEMENT <br /> BETWEEN CITY OF SANTA ANA AND <br /> THE ROMAN CATHOLIC BISHOP OF ORANGE <br /> FOR THE RAILROAD CROSSING <br /> SIGNAL IMPROVEMENT PROJECT <br /> (MILE POST 522.04) <br /> THIS REIMBURSEMENT AGREEMENT ("Agreement"), is made and entered into this <br /> _ day of , 2010, by and between the CITY OF SANTA ANA, a California charter <br /> city ("Santa Ana"), and the ROMAN CATHOLIC BISHOP OF ORANGE, a California <br /> Corporation Sole ("RCBO"). In this Agreement, Santa Ana and RCBO may each be individually <br /> referred to as a "Party" and collectively referred to as the "Parties." <br /> RECITALS: <br /> 1. The RCBO is required to provide signal improvements at the existing at-grade Union <br /> Pacific public road crossing at Raitt Street (hereinafter "said Project"). <br /> 2. The City, on behalf of the RCBO, will enter into an agreement with the Union Pacific <br /> Railroad Company to complete said Project. <br /> 3. The estimated cost of the railroad signal improvements is $60,333. <br /> 4. The RCBO has deposited with the City the sum of $59,602 (hereinafter "Deposit"). <br /> NOW, THEREFORE, based upon the foregoing Recitals, and for good and valuable <br /> consideration, the receipt and sufficiency of which is acknowledged by all Parties, the Parties <br /> agree as follows: <br /> 1. RCBO OBLIGATIONS <br /> A. RCBO will reimburse the City of Santa Ana for expenditures in excess of the <br /> Deposit, necessary for completion of said Project. <br /> B. Reimbursement payment by the RCBO of expenses in excess of the Deposit shall be <br /> made within fifteen (15} days following receipt of written request of the City <br /> evidencing City's obligation to pay such amount. <br /> <br /> 2. CITY OBLIGATIONS <br /> A. City shall enter into an agreement with Union Pacific Railroad Company to complete <br /> said Project. <br /> B. City shall keep proper records of payments made to complete said Project. <br /> ZVAT~1 <br /> <br />