PC 2002-31 - Laserfiche WebLink

(1) PG&E gives notice to the City that it intends to build its 230KV transmission line in the realigned Vineyard Avenue and is moving forwazd with construction; and (2) the City has given its final authorization to constructing the realigned Vineyazd Avenue and associated improvements. E. If the Property Owner transfers the property for the right-of--way and/or grant easements, the City shall, at the request of Property Owner, take such steps as may be necessary to return said property and/or easements to Property Owner in the event that (i) neither PG&E nor the City move forward with construction of the improvements or (ii) all necessary grants of Vineyazd Avenue right-of--way aze not obtained by the City. Payment to Property Owner for the dedications shall be made in the form of a credit against the Specific Plan fees to be paid upon the final map creating developable lots on the Property. The final calculation of the acreage of the Additional Right-of--Way (less the square footage necessary for the expansion of the trail in accordance with the request of East Bay Regional Pazk District), the Gazin/Simoni Right-of--Way, Detention Basins, Sewer Pump Station, and Mitigation Land shall be based on the final improvement plans. The credit to be received by Property Owner shall be calculated at (i) $5.00 per square foot for the sewer pump station, the Gazin/Simoni Right-of--Way, and for the Additional Right-of-Way in excess of 3.0 acres and (ii) $2.50 per squaze foot for Mitigation Land and for the Detention Basins. Revision #2 Draft Lonestaz California, Inc. Development Agreement Page 10 of 21