1 SERVICES REIMBURSEMENT AGREEMENT
This Services Reimbursement Agreement ("Agreement") is made and entered into by and between the CITY OF REDONDO BEACH, a chartered municipal corporation ("City") and KW-F SBG Owner, LLC, a Delaware limited liability company ("Owner”), and is effective as of September 15, 2026.
RECITALS
WHEREAS, Owner owns and operates the South Bay Galleria shopping center located in the City of Redondo Beach (“Galleria”);
WHEREAS, the City and Owner desire to memorialize the terms and conditions for the deployment of City peace officers at Galleria, and partialreimbursement of that specialized deployment by Owner.
WHEREAS, Owner uses a third-party security company to provide security servicesfor the Galleria ("Galleria Security Department"); and
WHEREAS, both parties have approved this Agreement and have otherwise complied with all requirements that are prerequisites to entering into this Agreement.
NOW, THEREFORE, in consideration of the above recitals and the mutual covenants and agreements contained herein, and in other good and valuable consideration, the receipt of which is hereby acknowledged, the parties hereto agree as follows:
AGREEMENT
1. Incorporation of Recitals: Each of the above recitals is incorporated into this Agreement as if restated in full.
2. Term: The term of this Agreement will begin on September 15, 2026, and will expire at 11:59 p.m. on June 30, 2028 ("Term").
3. Deployment Conditions:
a. The City shall have sole discretion asto the selection, deployment, and supervision of City peace officers assigned to the Galleria ("Deployment"). b. City peace officers shall wear a City uniform and possess appropriate City-provided onduty equipment during any Deployment. c. Owner shall provide to deployed City peace officers operating communication devices permitting communication between City peace officers and the Galleria Security Department. City shall provide alternative contact information for each peace officer as a backup in case communication devicesfailto operate or are in use during an emergency. d. City peace officers deployed at the Galleria shall only be responsible to enforce state and local laws. City peace officers shall not enforce private rules, including but not limited to, Galleria’s rules, regulations, or operating procedures ("Galleria Rules"). If observed, City peace officers may report observed violations of Galleria Rules to the Galleria Security Department, who shall then have sole responsibility to defer or enforce in its absolute 2 discretion. In the event a violation of a private rule escalates to a violation of a public law, City peace officers will respond to such violation.
e. The parties intend Deployment of City peace officers at the Galleria for an average of thirty (30) hours per week, with two (2) City peace officers scheduled for Fridays and Saturdays. The weekly number of hours may vary depending upon: 1) availability of City peace officers electing to work Deployment; 2) normal City police staffing requirements; 3) other agreements between the City and the Galleria Security Department; and 4) areas of focus identified cooperatively by Owner’s property manager and the City's Police Chief for peace officers deployed at the Galleria. f. City peace officers shall record their arrival and departure times at the Galleria.
Reimbursement for each deployed City peace officer shall commence thirty (30) minutes prior to arrival and terminate thirty (30) minutes after departure ("Travel Time").
g. “Work Hours” shall mean the total hours worked by City peace officers at the Galleria as recorded pursuant to Section 3(f), exclusive of Travel Time. h. City peace officers shall at all times remain subject to the Redondo Beach Police Department's chain of command. City peace officers may respond to requests for assistance but shall not be directed or controlled by the Galleria Security Department. i. In the event a City peace officer scheduled for Deployment is unable to perform services and a replacement will not be deployed, the City shall within a reasonable time notify the Galleria Security Department.
j. The rendition of services, standard of performance, and discipline of City peace officers on allmattersrelated to the performance of Deploymentservicesshallremain exclusively with the City.
k. City will make available during Deployment marked City police vehicles. The availability, number, and duration of use of such vehicles are within the sole discretion of the City.
l. City shall maintain the substation (described in Section 4(d) below) in an orderly fashion, and with respect to damage caused by the negligent or wrongful acts of the City (ordinary wear and tear excepted), in good repair. City shall use the substation in compliance with applicable laws and governmental directives. City shall provide its own equipment to generate reports or otherwise fulfill its obligations under this Agreement.
m. Notwithstanding anything in this Agreement to the contrary, all Deployment services remain subject to the City’s operational needs and priorities. The City may temporarily suspend, reduce, reassign, or cancel any Deployment when necessary to address emergencies, critical incidents, mutual aid obligations, special events, staffing shortages, or other law enforcement operational requirements. Such action shall not constitute a breach of this Agreement and shall not give rise to any claim for damages. 3 4. Obligations of Owner. Ownershall:
a. Have sole and exclusive responsibility to train, supervise, and control the Galleria Security Department, its employees, independent contractors, or agents, as well as all otherOwner employees, independent contractors, or agents. b. Repair or replace any Galleria communication devices provided to City peace officers. c. Not interfere with, or claim a breach of this Agreement as a result of, any City peace officer leaving the Galleria if that officer is called upon by a supervisor to respond to a request for police services off Galleria property. Owner shall not be responsible for reimbursement for such time an officer is responding to, involved with, or returning from such an off-property service request.
d. Maintain a police substation at the Galleria for the exclusive use of the City peace officers while performing services at the Galleria. The parties shall, after execution of this Agreement, reasonably establish the location and fixtures of the substation. City shall incur no cost or expense for the use or construction of the substation. Subject to the terms, conditions, and restrictions set forth in this Agreement, Owner hereby grants to the City a revocable license to use the substation area to facilitate the City peace officer’s services under this Agreement, to be used in accordance with all laws, regulations, and governmental directives. Owner, may revoke, relocate, or modify the substation upon not less than thirty (30) days’ prior written notice to the City, except in the event of an emergency. Any revocation, relocation, or modification of the substation shall not, by itself, terminate this Agreement.
5. Reimbursement.
Owner shall reimburse the City for Deployment services at the rate of Ninety Dollars ($90.00) per hour (“Reimbursement Rate”). Reimbursement Period is described below. For each Reimbursement Period, reimbursement shall be calculated by multiplying the total Work Hours and Travel Time for all deployed City peace officers by the Reimbursement Rate.
Reimbursement shall not include any time for which Owner is not responsible under Section 4(c) of this Agreement.
Provided payment is received by the City within forty-five (45) days after receipt of invoice, Owner shall receive a credit of Fifteen Thousand Dollars ($15,000.00) for each Reimbursement Period (“Credit”). The Credit shall be applied against the reimbursement otherwise due for the applicable Reimbursement Period. In no event shall the Credit exceed the reimbursement otherwise due for the applicable Reimbursement Period, and in no event shall reimbursement payable to the City be less than zero.
If payment is not received within forty-five (45) days after receipt of invoice, the Credit for the applicable Reimbursement Period shall be forfeited. The total reimbursement payable by Owner under this Agreement shall not exceed Ninety Thousand Dollars ($90,000.00) during each July 1 to June 30 period of the Term (“Maximum Reimbursement”), exclusive of Credits, provided all invoices are timely paid. If payment for any Reimbursement Period is not timely received, the Maximum Reimbursement limitation shall not apply to Deployment services 4 rendered during that Reimbursement Period.
The City shall invoice Owner following the close of each Reimbursement Period. Payment shall be due within forty-five (45) days after receipt of invoice. The City’s records regarding Work Hours, Travel Time, and reimbursable Deployment services shall be presumed correct absent manifest error.
Reimbursement Periods
a. September 15, 2026 - December 31, 2026
b. January 1, 2027 - June 30, 2027
c. July 1, 2027 - December 31, 2027
d. January 1, 2028 - June 30, 2028
6. Owner Indemnification. Owner shall defend and indemnify the City, its officers, elected officials, agents, and employees ("City's Covered Parties"), from and against damages, claims, demands, costs, expenses, losses, or liabilities of any kind or nature arising out of, or are in any way related to, Owner’s acts, errors, or omissions or those of its employees or agents, or arising from or related to its ownership, control, or activity of the Galleria ("Owner’s Claims"), brought by any third party or parties, which the City's Covered Parties may sustain or incur or which may be imposed upon them, or any of them, including reasonable and necessary attorneys' fees and legal costs incurred by the City. Owner shall, upon notice from the City, defend City's Covered Parties or any of them at Owner’s sole expense by legal counsel selected by Owner and reasonably approved by the City. In the event Owner refuses or fails to provide promptly upon request acceptable legal counsel, Owner shall reimburse the City for reasonable and necessary attorneys' fees, at rates prevailing in the local legal community, together with all disbursements, litigation expenses, settlements and/or judgments incurred by the City. Owner releases the City from any claims of subrogation, indemnification, or contribution, in whole or part, arising from or related to any Owner’s Claims.
7. City Indemnification. City shall defend and indemnify Owner, its officers, agents, and employees (“Owner’s Covered Parties”), from and against damages, claims, demands, costs, expenses, losses or liabilities of any kind or nature arising out of, or are in any way related to, City’s acts, errors or omissions or those of its employees or agents, or arising from or related to services provided at the Galleria (“City’s Claims”), brought by any third party or parties which the Owner’s Covered Parties may sustain or incur or which may be imposed upon them, or any of them, including reasonable and necessary attorneys’ fees and legal costs incurred by the City. City shall, upon notice from Owner, defend Owner’s Covered Parties or any of them at City’s sole expense by legal counsel selected by the City and reasonably approved by Owner. In the event the City refuses or fails to provide promptly upon request acceptable legal counsel, City shall reimburse Owner for reasonable and necessary attorneys’ fees, at rates prevailing in the local legal community, together with all disbursements, litigation expenses, settlements and/or judgments incurred by Owner. The City releases Owner from any claims of subrogation, indemnification or contribution, in whole or part, arising from or related to any City’s Claims. 5 8. Insurance.
a. Each party shall provide and maintain in force during the Term of this Agreement a program of insurance naming the other as additional insured, and shall provide written notice to the other at least thirty (30) days advance written notice of expiration or other termination of coverage. Such insurance program shall consist of, but not be limited to, the following forms and amounts:
1. Comprehensive General Liability ("CGL”) Insurance insuring against injury to persons and damage to property arising from their activities subject to the limitations of Sections 6 and 7. Such policy shall have a combined single limit of not less than $3,000,000 per occurrence. Each party’s CGL insurance must:
a. designate the other party as an additional insured, including with respect to third party claims or actions brought directly against the other party, or against the City and Owner as co-defendants, subject to the limitations of Sections 6 and 7, and
b. provide for a severability of interests. Each party may use umbrella or excess liability insurance to achieve the required coverage for CGL insurance, provided that such umbrella or excess insurance results in the same type of coverage as required for the CGL insurance policy. Each party may utilize at least a $500,000 selfinsured retention.
2. Automobile Liability Insurance. Each party must maintain automobile liability insurance (including coverage for owned and non-owned, hired and non-hired vehicles) with minimum limits of not less than $2,000,000 per occurrence combined single limit for personal injury, including bodily injury, death, and property damage. Each party's automobile liability insurance must:
a. designate the other party as an additional insured, including with respect to third party claims or actions brought directly against the other party or against the City and Owner as co-defendants, and b. provide for a severability of interests. Each party may use umbrella or excess liability insurance to achieve the required coverage for automobile liability insurance, provided that such umbrella or excess insurance results in the same type of coverage as required for the automobile liability insurance policy.
3. General Insurance Requirements.
a. Insurer Stability and Size. Owner shall procure all insurance coverage required in this Agreement from a company or companies possessing an A.M. Best rating of A- or better, unless otherwise agreed in writing by the City.
6 b. Insurer Qualification. Owner shall obtain all insurance coverage required under this Agreement from a company or companies who are listed as "Admitted Carriers" by the California Department of Insurance.
c. Claims Made Policies. If any of the required policies provide coverage on a claims-made basis, the retroactive date of coverage must be shown and must be the earlier of (a) July 1, 2026, (b) the effective date of any applicable agreement between Owner and City, or (c) the beginning of Deployment. Insurance coverage must be maintained and evidence of insurance must be provided for at least five (5) years after expiration of this Agreement. - If coverage is canceled or non-renewed, and not replaced with another claimsmade policy form with a retroactive date consistent with this Agreement, each party must purchase "extended reporting" coverage for a minimum of five (5) years after expiration of this Agreement.
d. Certificate of Insurance. Owner shall provide the City with certificates of insurance evidencing the required coverage concurrently with the execution of this Agreement, upon each renewal of such policies, and in all events provide to the City a certificate showing uninterrupted compliantrenewed, continued, or replacement coverage not later than ten (10) days prior to the expiration of any existing policy of insurance. The certificates of insurance must include a clause that obligates the insurers to give the City at least thirty (30) days advance written notice of cancellation of such policies, and must identify the City as an additional insured under such policies.
e. Self-insured Retention. Each party acknowledges that the other party has at least a $500,000 self-insured retention per occurrence for general liability claims; provided, however, that each party shall always maintain adequate capital cash reserves to discharge all self-insured retention related to any asserted claims.
f. Higher than Minimum Limits. If Owner maintains higher insurance coverage limits than the minimums set forth herein, the City shall be entitled to coverage for the higher limits maintained by Owner.
The City shall be entitled to receive any insurance proceeds in excess of the specified minimum limits of insurance coverage.
9. Early Termination. Either party may terminate this Agreement for convenience upon thirty (30) days written notice to the other party. Further, the City may terminate this Agreement upon at least ten (10) days’ notice to Owner in the event Owner fails to pay when due any reimbursement; provided, furtherthatinthe eventOwnerisinuncureddefaultofitsobligation to make payment of any reimbursement for any applicable period, any credit for such period shall be extinguished and Ownershall be liable for the full reimbursement for all Deployment, 7 notwithstanding the stated Maximum Reimbursement. Owner may terminate this Agreement upon at least ten (10) days’ notice to the City in the event of a transfer of control or ownership of the Galleria to a third party in a bona fide “at arm’s length” transaction, engagement of a third party management company or a sale or transfer of the controlling interest in Owner, or an uncured event of default by the City.
Notwithstanding any termination or expiration of this Agreement, Owner shall remain obligated to reimburse the City for all Deployment services, Work Hours, Travel Time, and other amounts accrued through the effective date of termination. Prior to the effective date of termination, the parties shall reconcile all amounts due under this Agreement. If termination occurs during a Reimbursement Period, the Credit for that Reimbursement Period shall be prorated based on the number of calendar days elapsed from the commencement of the applicable Reimbursement Period through the effective date of termination, divided by the total number of calendar days in the applicable Reimbursement Period. Any amounts determined to be due and owing to the City following such reconciliation shall be paid no later than the effective date of termination.
For purposes of this Agreement, “City Default” means:
a. the City’s failure to provide Deployment services in accordance with this Agreement, except where such failure, reduction, suspension, reassignment, or cancellation of Deployment services is expressly authorized by this Agreement; b. the City’s abandonment of the Deployment program contemplated by this Agreement; or
c. the City’s failure to perform any other obligation expressly required by this Agreement that remains uncured for thirty (30) days after written notice from Owner specifying the failure in reasonable detail and materially impairs Owner’s ability to receive the Deployment services contemplated by this Agreement.
For the avoidance of doubt, any reduction, suspension, reassignment, or cancellation of Deployment services authorized by this Agreement shall not constitute a City Default.
10. No Assignment. Ownershall not assign or transfer any interest in this Agreement without the City’s prior written consent, which may be withheld in the City’s sole discretion.
Notwithstanding the foregoing, Owner may assign this Agreement to:
a. an affiliate controlling, controlled by, or under common control with Owner, provided the affiliate assumes in writing all obligations under this Agreement and Owner provides at least ten (10) days prior written notice to the City; or b. to a lender as collateral security in connection with financing relating to the Galleria.
In the event of ownership or control of the Galleria is transferred to an unaffiliated third party in a bona fide “at-arms-length” transaction, and the City does not consent in writing to an assignment of this Agreement, this Agreement shall terminate as of the effective date of the transfer and the parties shall promptly reconcile all payment obligations as provided in Section 9 of the Agreement. Any assignment not expressly permitted by this Section shall be 8 void.
11. Notices. Notices required under this Agreement shall go to the following:
a. If to the City:
City of Redondo Beach
Police Department
Attn: Chief of Police
401 Diamond Street
Redondo Beach, CA 90277
With a copy provided to:
City of Redondo Beach
City Attorney’s Office
Attn: City Attorney
415 Diamond Street
Redondo Beach, CA 90277
b. If to Owner:
KW-F SBG Owner, LLC
c/o CBRE, Inc.
Attn: Michael Sharobiem
1815 Hawthorne Blvd., Suite 377
Redondo Beach, CA 90278
With a copy provided to:
KW-F SBG Owner, LLC
Attn: Karen Tal
151 S. El Camino Dr.
Beverly Hills, CA 90212
12. Entire Agreement. This Agreement sets forth the entire agreement between the City and Owner related to the Deployment of City peace officers at the Galleria and supersedes all prior agreements between the parties regarding the same. There are no other statements, representations, understandings, or agreements related to the matter of Deployment that are not set forth herein, nor has either party relied on anything not set forth herein in entering into this Agreement. Neither this Agreement nor the rights and obligations hereunder may be changed, modified, or waived except by an instrument in writing and signed by both parties hereto.
13. Choice of Law. This Agreement shall be construed in accordance with the laws of the State of California.
14. Severability. Should any provision of this Agreement be found invalid or unenforceable by a court of competent jurisdiction, the decision shall affect only the provision interpreted, and 9 all remaining provisions shall remain enforceable.
15. Non-Discrimination. Owner covenants there shall not be any discrimination based on race, color, creed,religion, gender, maritalstatus, age, national origin, ancestry,sexual orientation, or any other legally protected class in any activity conducted at the Galleria.
16. No Partnership. Owner is neither a partner nor a joint venturer with the City by reason on this Agreement.
17. Compliance with Laws. Owner shall comply with all applicable laws, ordinances, codes, and regulations of the federal, state, and local governments.
18. Waiver. Any waiver by the City of any breach of any term or provision of this Agreement shall not be construed as a waiver of any subsequent breach.
19. Counterparts; Electronic Signatures. This Agreement may be executed in counterparts, each of which shall be deemed an original and all of which together shall constitute one instrument.
Electronic signatures and signatures transmitted in PDF format shall be deemed original signatures.
20. Authority. City warrants and represents that upon City Council approval, the Mayor of the City is duly authorized to enter into and execute this Agreement on behalf of City. The party signing on behalf of Owner warrants and represents that he or she is duly authorized to enter into and execute this Agreement on behalf of Owner, and shall be personally liable to City if he or she is not duly authorized to enter into and execute this Agreement on behalf of Owner.
21. Government Claims Act And Immunities. Nothing in this Agreement shall be construed as a waiver of any immunity, defense, limitation, or protection available to the City under the California Government Claims Act (Gov. Code § 810 et seq.) or any other applicable law. Any claim by Owner against City hereunder shall be subject to Government Code §§ 810 et seq.
The claims presentation provisions of said Act are hereby modified such that any claim against the City shall be waived if not presented to the City within six (6) months after the cause of action accrues.
22. Non-Appropriation; Availability Of Personnel. The City’s obligations under this Agreement are subject to the annual appropriation of funds and the availability of personnel. Nothing in this Agreement shall obligate the City Council to appropriate funds or require the City to maintain any particular staffing level or Deployment schedule.
23. Survival. Notwithstanding the expiration or termination of this Agreement, the provisions of Sections 5 (Reimbursement), 6 (Owner Indemnification), 7 (City Indemnification), 9 (Early Termination), 13 (Choice of Law), 14 (Severability), 21 (Government Claims Act and Immunities), and this Section 23 (Survival) shall survive. Expiration or termination of this Agreement shall not relieve either party of any obligation or liability accrued prior to the effective date of such expiration or termination.
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10 IN WITNESS WHEREOF, the parties have executed this Agreement as of this 15th day of September, 2026.
KW-F SBG Owner, LLC, CITY OF REDONDO BEACH,
a Delaware limited liability company a chartered municipal corporation organized under the laws of the State of California
By: ____________________________ By: ____________________________ Name: Michael Sharobiem James A. Light, Mayor
Its: ____________________________
ATTEST:
By: ____________________________
Eleanor Manzano, City Clerk
APPROVED:
By: ____________________________
Diane Strickfaden, Risk Manager
APPROVED AS TO FORM:
By: ____________________________
Joy A. Ford, City Attorney
9/9/2026 | 10:51 AM PDT
Sr. General Manager
SHOULD ANY OF THE ABOVE DESCRIBED POLICIES BE CANCELLED BEFORE
THE EXPIRATION DATE THEREOF, NOTICE WILL BE DELIVERED IN ACCORDANCE WITH THE POLICY PROVISIONS.
INSURER(S) AFFORDING COVERAGE
INSURER F :
INSURER E :
INSURER D :
INSURER C :
INSURER B :
INSURER A : NAIC #
NAME: CONTACT
(A/C, No): FAX
E-MAIL ADDRESS:
PRODUCER
(A/C, No, Ext): PHONE
INSURED
COVERAGES CERTIFICATE NUMBER: REVISION NUMBER:
IMPORTANT: If the certificate holder is an ADDITIONAL INSURED, the policy(ies) must have ADDITIONAL INSURED provisions or be endorsed.
If SUBROGATION IS WAIVED, subject to the terms and conditions of the policy, certain policies may require an endorsement. A statement on this certificate does not confer rights to the certificate holder in lieu of such endorsement(s).
THIS CERTIFICATE IS ISSUED AS A MATTER OF INFORMATION ONLY AND CONFERS NO RIGHTS UPON THE CERTIFICATE HOLDER. THIS
CERTIFICATE DOES NOT AFFIRMATIVELY OR NEGATIVELY AMEND, EXTEND OR ALTER THE COVERAGE AFFORDED BY THE POLICIES BELOW. THIS CERTIFICATE OF INSURANCE DOES NOT CONSTITUTE A CONTRACT BETWEEN THE ISSUING INSURER(S), AUTHORIZED REPRESENTATIVE OR PRODUCER, AND THE CERTIFICATE HOLDER.
OTHER:
(Per accident)
(Ea accident)
$
$
N / A
SUBR WVDADDL
INSD
THIS IS TO CERTIFY THAT THE POLICIES OF INSURANCE LISTED BELOW HAVE BEEN ISSUED TO THE INSURED NAMED ABOVE FOR THE POLICY PERIOD INDICATED. NOTWITHSTANDING ANY REQUIREMENT, TERM OR CONDITION OF ANY CONTRACT OR OTHER DOCUMENT WITH RESPECT TO WHICH THIS
CERTIFICATE MAY BE ISSUED OR MAY PERTAIN, THE INSURANCE AFFORDED BY THE POLICIES DESCRIBED HEREIN IS SUBJECT TO ALL THE TERMS, EXCLUSIONS AND CONDITIONS OF SUCH POLICIES. LIMITS SHOWN MAY HAVE BEEN REDUCED BY PAID CLAIMS. $
$
$
$ PROPERTY DAMAGE
BODILY INJURY (Per accident)
BODILY INJURY (Per person) COMBINED SINGLE LIMIT
AUTOS ONLY
AUTOS ONLY AUTOS NON-OWNED OWNED SCHEDULED
ANY AUTO
AUTOMOBILE LIABILITY
Y / N WORKERS COMPENSATION
AND EMPLOYERS' LIABILITY OFFICER/MEMBER EXCLUDED?
(Mandatory in NH) DESCRIPTION OF OPERATIONS below
If yes, describe under
ANY PROPRIETOR/PARTNER/EXECUTIVE
$
$
$ E.L. DISEASE - POLICY LIMIT E.L. DISEASE - EA EMPLOYEEE.L. EACH ACCIDENT EROTH- STATUTE PER
(MM/DD/YYYY) LIMITS POLICY EXP(MM/DD/YYYY) POLICY EFFLTR TYPE OF INSURANCE POLICY NUMBER INSR
DESCRIPTION OF OPERATIONS / LOCATIONS / VEHICLES (ACORD 101, Additional Remarks Schedule, may be attached if more space is required)
EXCESS LIAB
UMBRELLA LIAB EACH OCCURRENCE $ AGGREGATE $
$
OCCUR
CLAIMS-MADE DED RETENTION $
PRODUCTS - COMP/OP AGG $ GENERAL AGGREGATE $ PERSONAL & ADV INJURY $ MED EXP (Any one person) $
EACH OCCURRENCE $ DAMAGE TO RENTED
PREMISES (Ea occurrence) $ COMMERCIAL GENERAL LIABILITY CLAIMS-MADE OCCUR GEN'L AGGREGATE LIMIT APPLIES PER: POLICY PRO- JECT LOC
CERTIFICATE OF LIABILITY INSURANCE DATE (MM/DD/YYYY)
CANCELLATION
AUTHORIZED REPRESENTATIVE
ACORD 25 (2016/03)
© 1988-2016 ACORD CORPORATION. All rights reserved.
CERTIFICATE HOLDER
The ACORD name and logo are registered marks of ACORD
HIRED
AUTOS ONLY
C
1,000,000 OGL G75474921 LOS-002810049-07 10,000,000 X
X
4357510,000,000 Los Angeles, CA 90071
10 06/01/2027 06/01/2027 CAL H12040799 4,000,000 2,000,000 20699 Indemnity Insurance Company of North America X Waiver of subrogation is applicable where required by written contract and subject to policy terms and conditions. Umbrella is Follow Form of primary, subject to policy terms and conditions. The aforementioned 06/09/2026 06/01/2026 Re: South Bay Galleria Additional Named Insureds: KW-F SBG OWNER, LLC
similar outdoor (and/or extended) dining areas regardless of location. (See Acord 101) X Redondo Beach, CA 90277 City of Redondo Beach
25,000 City of Redondo Beach, its officers, elected and appointed officials, employees, and volunteers & CBRE, Inc. are included as Additional Insured, where required by written contract, with respect to General Liability. insurance coverages extend to (and its subsidiaries and affiliates) including tents located in parking lots, tents located in common areas, semi-enclosed temporary patio areas, temporary sidewalk dining areas, and A ACE Property and Casualty Insurance Company CN101809933-GAUW-$10M-26-27 1,000 1,000,000 XEUG72579148 005 4,000,000 22667 1,000,000 633 W. Fifth Street, Suite 1200 Marsh Risk & Insurance Services
X
CA License #0437153
Attn: [email protected] 151 S. El Camino Drive
Kennedy Wilson Holdings, Inc.
Beverly Hills, CA 90212 X
X
06/01/2026 415 Diamond Street
Y
Y
Y 06/01/2026 YY
B Y
06/01/2027 ACE American Insurance Company Y
ACORD 101 (2008/01)
The ACORD name and logo are registered marks of ACORD
© 2008 ACORD CORPORATION. All rights reserved.
THIS ADDITIONAL REMARKS FORM IS A SCHEDULE TO ACORD FORM, FORM NUMBER: FORM TITLE:
ADDITIONAL REMARKS
ADDITIONAL REMARKS SCHEDULE Page of
AGENCY CUSTOMER ID:
LOC #:
AGENCY
CARRIER NAIC CODE
POLICY NUMBER
NAMED INSURED
EFFECTIVE DATE:
2 2
Los Angeles company will provide 30 days written notice to certificate holder (except 10 days for non-payment of premium) subject to policy terms and conditions. The insurance policy(ies) referenced herein provide that should such policy be cancelled by the insurer before the expiration date thereof for any reason other than nonpayment of premium, the insuring Certificate of Liability Insurance CN101809933 Marsh Risk & Insurance Services� 151 S. El Camino Drive� Kennedy Wilson Holdings, Inc.� Beverly Hills, CA 90212 25