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~ ~ <br />c. Upon completion of construction, provide <br />Owners with detailed accounting of the total construction cost <br />of the work performed under the City contract. <br />4. Reimbursement of Costs.. .Owners, uAOn the recordation <br />of a sale of , or the issuance of a building .permit for, any <br />.lot adjacent to any portion of the Del Valle Parkway as <br />described in Exhibits "B" and "B-1'', whichever occurs first, <br />shall reimburse City for the total construction cost of the <br />work performed under the .City contract. No interest shall <br />be payable.. Owners shall give City notice of the date of <br />escrow of any pending sale of any lot referred to herein. <br />5. Because .Owners had installed the traffic signal at <br />said intersection at their sole cost and expense, and because <br />the temporary street connection will result in traffic utilizing <br />the California Street/Stanley Boulevard intersection unrelated <br />to .the Owners' development, City shall pay Owners the total <br />sum of $15,000., to be paid. as a credit toward the reimbursement. <br />required of Owners pursuant to Section 4 herein at the time <br />said reimbursement is due. <br />6. To the extent that any subsequent subdivision creates. <br />developable lots on the south side of the Del Valle Parkway <br />within the Property, development on those lots shall-be allowed <br />to develop using only those improvements to the Del Valle <br />Parkway constructed by City Aursuant to Section 3 herein until, <br />in the opinion of the City .Engineer, further roadway mprove- <br />menu to the Del Valle Parkway are required. <br />-4- <br />