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<br />Avenue and Del Valle Parkway through the Auf der Maur Parcel. By <br />the terms of that agreement, the city would construct the street <br />and the Owners would reimburse the city for that cost at the time <br />the Auf der Maur Parcel develops. Pursuant to a March 19, 1984 <br />letter to Frank Auf der Maur from R. L. Warnick, the amount of <br />reimbursement due was determined to be Ninety Thousand Five <br />Hundred Fifty and 33/100 Dollars ($90,550.33). <br /> <br />E. On September 1, 1987, the city approved an agreement <br />with Amador Valley savings in which Amador Valley Savings agreed, <br />among other things, to contribute up to Fifty Thousand Dollars <br />($50,000.00) beyond its pro rata share toward the cost of the <br />Bernal Avenue Extension. <br /> <br />F. The intention of the parties to this agreement is to <br />provide for immediate construction of the Bernal Avenue Extension <br />through the Auf der Maur Parcel as a minimum four lane street. <br />This will be the final link in the City's Bernal/Valley <br />circulation loop. The benefits to Owners are a combination of <br />cost offsets provided herein which moderate the cost of <br />constructing the full width Bernal Avenue Extension prior to <br />development of the Auf der Maur Parcel. <br /> <br />NOW, THEREFORE, the Owners and City agree as follows: <br /> <br />1. Obliqations of Owner <br /> <br />a. Construct Bernal Avenue Extension <br /> <br />(1) Owner will construct a minimum four lane <br /> <br />Bernal Avenue Extension from Del Valle Parkway north to <br /> <br />- ., - <br />