BRADDOCK & LOGAN - REIMBURSEMENT AGMT FOR IMPROVEMENTS 8/7/00

Recording requested by and after recording return to: ~~/~~ Braddock & Lo an Grou II, L.P. ~~ g p P.O. Box 5300 Danville, CA 94526 REIMBURSEMENT AGREEMENT FOR IMPROVEMENTS (Sanitary Sewer Pump Station) ~~. THIS AGREEMENT ("Agreement") is entered into this day of /~t,~~~ y ~° , 2000, by and between the CITY OF PLEASANTON, a municipal corporation ("City") and BRADDOCK & LOGAN GROUP II, L.P. ("Developer"). RECITALS A. Developer is the owner of that certain real property located in the City of Pleasanton, County of Alameda, State of California, commonly known as "Castlewood Heights", Tract 6581, consisting of approximately 18.6 acres ("Property"), described more particularly in Exhibit A, attached hereto and incorporated herein by this reference. B. Approval for the Development Plan designated as PUD-91-03, was granted pursuant to Ordinance No. 1565, adopted by the City Council of the City ("City Council") on July 7, 1992. A vesting tentative map fora 29-lot single-family, detached residential development designated as Tract 6581 ("Project"), was approved by the Planning Commission ("Planning Commission") pursuant to Resolution No. PC-92-91, adopted on October 28, 1992, and as extended pursuant to Resolution No. PC-98-94, adopted on December 9, 1998. The City Council approved the final map on May 18, 1999. C. In connection with the development of the Property, Developer intends to construct or cause to be constructed a sanitary sewer pump station and other related improvements as more fully described in Exhibit B, attached hereto and incorporated herein by this reference ("Improvements"). D. Such Improvements will benefit the Property and other nearby properties as more fully described below. The Improvements will contain supplemental size and capacity in order to benefit the Project and other anticipated development on nearby properties. E. Pursuant to Condition No. 13 of the Conditions of Approval for Tract 6581, which are attached as an exhibit to Resolution No. PC-92-91, a copy of which is on file with the City Clerk, Developer is required to construct the Improvements (the "Conditions of Approval").