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Settlement Agreement - BEC Bowls - 2011-04-20 • SETTLEMENT AGREEMENT This Settlement Agreement is made and entered into this o2D" day of 1 rI , 2011, by and between the Costa Mesa Sanitary District (hereinafter "District") and BEC Bowls (hereinafter "Contractor') with reference to the following facts: RECITALS WHEREAS, District and Contractor entered into Letter Agreement for Public Works Project for Replacement of Discharge Bases, Installing New Pumps, Installing New Piping at South Coast Plaza Pumping Station (hereinafter referred to as "Letter Agreement"); and WHEREAS, a dispute arose about the performance of that Letter Agreement and District provided Contractor a Notice of Termination dated March 18, 2011; and WHEREAS, the parties disagree about whether that termination should have been for cause; and WHEREAS, the District hired a takeover contractor to finish the work and has paid that contractor in full; and WHEREAS, as part of that takeover work, District agreed to pay certain invoices for equipment and materials that Contractor incurred prior to being terminated; and WHEREAS, the parties do hereby desire to settle their dispute and resolve all their differences without admitting fault; In consideration of the above, the parties do now AGREE as follows: 1. Payment to Contractor. District agrees to pay Contractor the total sum of Seventeen Thousand Dollars ($17,000.00) as full settlement of all amounts due owing and unpaid or that might be claimed in the future arising out of the work described in the Letter Agreement (hereinafter the "project") and all arrangements and obligations arising therefrom. Contractor agrees that this sum shall settle all known and unknown claims and is knowledgeable with Civil Code Section 1542, which provides as follows: A general release does not extend to claims which the creditor does not know or suspect to exist in his or her favor at the time of executing the release, which if known by him or her must have materially affected his or her settlement with the debtor. Contractor intends to release and waive known and unknown claims. 1 2. District's obligations. In addition to paying the above amount, District shall also pay for obligations arising out of certain rentals beginning on March 18, 2011, when the District took over the project, including the following: a. rental of three sewer plugs, b. rental of two Godwin bypass pumps, c. rental of chain link fence and portable outhouse G(. rpn-fa(of-f'wo hoses {orvt God Wi#i Other than the above items, each party shall be responsible for its own obligations incurred related to the project. District's payment of Seventeen Thousand Dollars ($17,000.00) in compensation to Contractor includes payment for stainless steel bolts, piping and flanges originally purchased by Contractor but used by District's takeover contractor. 3. Payment of materialmen and laborers. (a) Contractor represents that it has paid all materials providers, laborers and other subcontractors and that all of its employees and agents have been paid for work performed on this job. Contractor shall indemnify, defend and hold District harmless from any claim or litigation arising from its obligations with respect to the project. (b) District shall indemnify, defend and hold Contractor harmless from any claims for money from obligations District has agreed to takeover, including, but not limited, to the items described in Section 2, above. 4. Termination for convenience. In consideration of the above, and the remaining provisions of this Settlement Agreement, the parties agree that this termination shall be considered for the convenience of the District. 5. Authority. Each person signing warrants that they have the authority to bind the party on whose behalf they are signing. IN WITNESS WHEREOF, the parties hereto have caused this Amendment to Agreement to be executed the day and year first above written. COSTA MESA SANITARY DISTRICT BEC BOWLS Generi?I Manager _ = JI.nature / ---- � .` By.`:-Tma 117 SilAteSera �r 2 APPROVED AS TO FORM: a/L 1.4/kA--/' District Counsel 3