SURFACE RD DOUGHERTY TASS - Laserfiche WebLink

the sectl resol agre~ subd 7. Amendl Para~ Agreement are (a) )onsibility of PLEASANTON due to the ~enance of the improvements. Parties waive notice under Vehicle Code .on 21107.5 of DUBLIN's intent to adopt a .ution pursuant to section 21107.5 and further ~ 9o~ to erect notices referred to in .vision (b) of Vehicle Code section 21107.5. lent of ParagraPh 8 ~raph 8 subparagraphs (a) (b) (c) and (e) of the lmended to read as follows: DUBLIN agrees to reimburse PLEASANTON in an amount equal to the COSTS OF CONSTRUCTION, together with accrued interest, which shall begin to accrue upon the effective date of the Second Amendment to this Agreement, provided such reimbursement shall be solely from the proceeds of assessments, special taxes, exactions and/or fees or any bonds secured by such assessments, special taxes, exactions or fees, which are imposed by DUBLIN on any and all property east of Dougherty Road for the purpose of paying for or reimbursing DUBLIN for its obligation hereunder for the COSTS OF CONSTRUCTION of the TWO LANE ACCESS ROAD and the HACIENDA DRIVE EXTENSION. DUBLIN hereby agrees and promises in good faith to seek a levy of assessments, special taxes, exactions and/or fees for the TWO LANE ACCESS ROAD and the HACIENDA DRIVE EXTENSION on any and all property east of Dougherty Road, including federally-owned property which is converted to private use by sale or lease, at the earliest practicable time and to the fullest extent allowed by law in order to reimburse PLEASANTON for the COSTS OF CONSTRUCTION. Notwithstanding the foregoing, the COSTS OF CONSTRUCTION shall be reduced by the sum of $400,000. This reduction is intended to compensate DUBLIN in full for all of the traffic impacts on DUBLIN streets and intersections both within the City limits and within the Eastern DUBLIN area which may result from the full buildout of the Hacienda Business Park as approved by Pleasanton Ordinance Numbers 1596 and 1597. DUBLIN