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04
City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2013
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110513
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04
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12/5/2016 2:57:42 PM
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10/31/2013 12:02:08 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
11/5/2013
DESTRUCT DATE
15Y
DOCUMENT NO
04
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or participates in litigation concerning allocation of the <br /> cost of improvements, Developer shall allow formation of the <br /> district and placement of liens on the Property so long as <br /> City provides security which in Developer' s reasonable <br /> estimation will allow City to pay off the amount of indebt- <br /> edness that is in dispute in the event Developer prevails in <br /> the litigation. A good faith protest pursuant to this Sec- <br /> tion shall not be construed as an action of noncompliance <br /> under the terms of this Agreement. <br /> 4. LIMITATIONS ON OBLIGATION TO FUND ADDITIONAL <br /> MITIGATIONS. <br /> Notwithstanding anything herein to the contrary, Devel- <br /> oper' s obligations with respect to Additional Mitigations <br /> shall be limited as follows: <br /> 4.1 Development of Property. City agrees that it shall <br /> not exercise its discretion to impose Additional Mitigations <br /> in a manner which will materially interfere with the devel- <br /> opment of the Property for the uses and to the density and <br /> intensity set forth in the PUD. <br /> 4. 2 Economic Viability. City shall not impose Devel- <br /> oper ' s obligation to participate in the financing of Addi- <br /> tional Mitigations if such obligation will impose economi- <br /> cally infeasible levels of cost upon the Property. The <br /> determination of economic feasibility shall be subject to <br /> the reasonable and good faith discretion of the City <br /> 8. <br />
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