PLEASANTON CITY OF PARTICIPATING PUBLIC JURISDICTIONS 14-1217C

have joint approval of, all proposed dispositions and/or changes of use for the Property. 4. The City of Pleasanton will act as lead agency in the applying to the U.S. Department of Housing and Urban Development (HUD) for a Section 108 Loan Guarantee for the remodel of the building as a new medical clinic facility. The City of Livermore and the City of Dublin agree to reimburse the City of Pleasanton a portion of the Section 108 loan guarantee on a pro rata basis. 5. The City of Pleasanton will contribute a total of$398,428, which shall be used to finance remodel improvements to create a medical clinic at the Property utilizing a Section 108 loan guarantee from the US Department of Housing and Urban Development (HUD). 6. The City of Livermore will contribute a total of $457,454, which shall be used to finance remodel improvements to create a medical clinic at the Property utilizing a Section 108 loan guarantee from the US Department of Housing and Urban Development (HUD). 7. The City of Dublin will contribute a total of $265,618, which shall be used to finance remodel improvements to create a medical clinic at the Property utilizing a Section 108 loan guarantee from the US Department of Housing and Urban Development (HUD). 8. If another jurisdiction or municipality agrees to provide some or all of the funding for improvement of the Property, that amount will decrease the contribution of the City of Pleasanton, City of Livermore, and City of Dublin by equal amounts. 9. If another jurisdiction or municipality agrees to provide funding for the acquisition and rehabilitation of the Property, this Agreement will be amended to include that jurisdiction with the approval of City of Pleasanton, City of Livermore, and City of Dublin. 10. The PPJ's will disburse their respective fiscal contributions generally pursuant to the project budget in Exhibit B. The figures in Exhibit B represent a good faith estimate based on an assumed interest rate. The City of Pleasanton will provide a final budget after HUD established the final amortization summary following sale of the loan on the bond market. 11. It is the responsibility of the City of Pleasanton to notify the participants in the Agreement of any changes to the budget for the acquisition and rehabilitation of the Property. All participants in the Agreement must agree to any increases exceeding five (5) percent of the total budget. All cost increases will be spread equally among all parties of the Agreement. Conversely, if any decreases occur in the budget, those cost saving will be credited equally among all PPJ participants. 12. The City of Pleasanton, in its role as lead agency, will comply with appropriate Federal, State, and Local regulations, prepare all documentation and undertake monitoring responsibilities required for completion of the project, including regulations regarding Environmental Review and Relocation and Federal Labor standards. Page 2