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Agreement_Between_City_of_SL_&_Reclaim_Lost_Assets_Public_Libary
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Agreement_Between_City_of_SL_&_Reclaim_Lost_Assets_Public_Libary
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4/7/2026 12:50:33 PM
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4/2/2026 3:51:24 PM
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CM City Clerk-City Council
CM City Clerk-City Council - Document Type
Agreement
Document Date (6)
1/12/2026
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ATTORNEY WORK PRODUCT <br />PRIVILEGED & CONFIDENTIAL <br />Proprietary Information & Exclusivity Agreement between City of San Leandro and Last revised 01/12/2026 <br />Reclaim Lost Assets, LLC for approximately $2.2 M in the form of an uncashed check Page 2 of 12 <br />a.City grants RLA the exclusive right to identify, recover, claim, and obtain release of the Assets <br />described generally in Schedule A, referenced in and incorporated through Section 4 of this <br />Agreement. <br />b.City agrees that it will not engage, contract with, or permit any other individual or entity to pursue, <br />recover, or claim the Assets described in Schedule A. <br />c.City further agrees that it will not itself attempt to recover such Assets except through RLA. <br />4.Proprietary Information <br />In exchange for the exclusivity grant, RLA will disclose to the City the proprietary information (Schedule A) <br />of the Assets and the third-party holder of the Assets. Upon such disclosure by RLA, the proprietary <br />information shall automatically become a binding part of this Agreement. RLA acknowledges that the SA <br />and LPOA cannot be scheduled onto the City Council’s agenda, until Schedule A is provided and <br />incorporated into the SA and LPOA. <br />Schedule A <br />a.Third-Party Holder: This disclosure includes any and all information, data, or documents that RLA <br />holds regarding the third-party holder, including but not limited to the following: <br />•Name of individual, and/or business name; and <br />•City and State of the third-party holder. <br />b.Assets: RLA will also provide any and all information, data, or documents that RLA holds <br />regarding the Assets, including but not limited to the following: <br />•Payee name; and <br />•Warrant/Check No.; and <br />•Issue Date; and <br />•Issuer; and <br />•City and State where the Assets are held; and <br />•Confirmed total value of the Assets. <br />This information regarding the third-party holder and Assets will be identified in the City’s Contractor <br />Services Agreement with RLA, attached as Exhibit B (“SA”), and the City’s Limited Power of Attorney, <br />attached as Exhibit C (“LPOA”). In the event the third-party holder of the Assets rejects the LPOA in its <br />current form, RLA will promptly notify the City of the same, and the City shall promptly cooperate with RLA <br />and the third-party holder of the Assets to amend the LPOA to an acceptable form by the third-party holder. <br />In no event shall such amendment alter RLA's obligations or liabilities to the City pursuant to the EA and <br />SA. <br />Exhibit B and Exhibit C are currently not binding on either party until City Council approves the SA and <br />LPOA and until the terms of this Agreement are fully executed. <br />The City agrees that all information provided by RLA concerning the Assets through Schedule A, including <br />its location, identifying details, estimated or confirmed value, holder information, and any data, documents, <br />or disclosures relating to the Assets, is proprietary to RLA and constitutes RLA’s trade secrets. <br />Docusign Envelope ID: 65A9B401-774B-4957-AE8F-558B39C8D761
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