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PONDERSOA HOMES - FIRST CARBON
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PONDERSOA HOMES - FIRST CARBON
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10/7/2026 3:12:14 PM
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10/7/2026 3:09:28 PM
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LONG TERM AGREEMENTS
LONG TERM AGREEMENTS - DOCUMENT DATE
4/26/2023
LONG TERM AGREEMENTS - NAME
PONDEROSA HOMES
LONG TERM AGREEMENTS - TYPE
REIMBURSEMENT AGMT
LONG TERM AGREEMENTS - RECORD SERIES
704-06 (Long Term Agreements)
LONG TERM AGREEMENTS - DESTRUCTION DATE
PERMANENT
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DocuSign Envelope ID: BE74E31 B-F73A-4A43--98D4E6CBC6F5 <br />200 Old Bernal Avenue <br />P.O. Box 520 <br />Pleasanton, CA 94566-0802 <br />Section 3. Term. This Agreement shall be effective on the date of execution and shall <br />continue until final action regarding the Project by the City Council. <br />Section 4. Amendments. Any amendment, modification, suspension or cancellation of <br />this Agreement must be in writing, signed by the City and Developer. <br />Section 5. Disputes. Disputes arising under this Agreement shall be filed with the City <br />Manager, who shall be authorized to resolve such disputes. Any decision made by the City <br />Manager with respect to this Agreement may be appealed to the City Council. Any such appeal <br />to the City Council must be made in writing and addressed to the City Council. Final action of <br />the City Council shall be required before legal action pursuant to this Agreement may be <br />instituted. Notwithstanding the foregoing, either party may, in addition to any other rights or <br />remedies, institute legal action to cure, correct or remedy and default, enforce any covenant or <br />agreement herein, enjoin any threatened or attempted violation or enforce by specific <br />performance the obligations and rights of the parties hereto. In such event, the prevailing party <br />shall be entitled to its attorneys' fees and costs, if any, in addition to any other relief to which <br />such party may be entitled. <br />Section 6. Notice. Any notices required or permitted to be given hereunder shall be given in <br />writing and shall be delivered by U.S. Mail, with a courtesy copy provided by e-mail. Such <br />notices shall be addressed by follows: <br />If to City: City Manager <br />City of Pleasanton <br />P.O. Box 520 <br />Pleasanton, CA 94566 <br />If to Developer: Ponderosa Homes II, INC. <br />Attn: Jeff Schroeder <br />5020 Franklin Drive, Ste. 200 <br />Pleasanton, CA 94588 <br />Section 7. Applicable Law and Venue. The laws of the State of California shall govern the <br />interpretation and enforcement of this Agreement, and venue shall be the Alameda County <br />Superior Court. <br />Section 8. Successors -In -Interest. Except as otherwise provided in this Agreement, for the <br />term of this Agreement, all of the provisions, rights, powers, terms, covenants, and other <br />obligations contained in this Agreement shall be binding upon the parties and their respective <br />heirs, successors (by merger, consolidation, or otherwise) and assigns, devisees, administrators, <br />representatives, lessees, and all other persons or entities acquiring the Property, or any portion <br />thereof, or any interest therein, whether by sale, operation of law or in any manner whatsoever, <br />and shall inure to the benefit of the parties and their respective heirs, successors (by merger, <br />consolidation or otherwise) and assigns. All of the provisions of this Agreement shall be <br />enforceable during the term hereof as equitable servitudes and constitute covenants running with <br />
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