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,A ~ r' ,' <br /> <br />REIMBURSEMENT AGREEMENT FOR <br />STONERIDGE CORPORATE PLAZA II <br />THIS REIMBURSEMENT AGREEMENT FOR STONERIDGE <br />CORPORATE PLAZA II ("Agreement") is entered into as of the 20th <br />day of August , 1990, by and between the CITY OF <br />PLEASANTON ("City"), a general law city located in Alameda <br />County, California, and CROCRER PROPERTIES, INC. ("Developer"), a <br />wholly owned subsidiary of Wells Fargo Bank, N.A. <br />THIS AGREEMENT I3 ENTERED on the basis of the <br />following facts, intentions and understandings of the parties: <br />A. Developer is the owner of approximately twenty- <br />seven and eight-tenths (27.8) acres of real property ("Property") <br />in the City of Pleasanton, County of Alameda, State of <br />California, commonly known as "Stoneridge Corporate Plaza II." <br />The Property is more particularly described in Exhibit A, <br />attached hereto. <br />B. Developer has obtained approval from City of a <br />modification to PUD 81-22 and a revised general development plan <br />for a multi-phase, multi-building project ("Project"), with an <br />aggregate of approximately six hundred four thousand seven <br />hundred fifty (604,750) square feet of gross floor area, to be <br />constructed on the Property. Developer also has entered into a <br />Development Agreement with City to allow for the phased <br />construction of the Project. <br />C. In connection with development of the Property, <br />Developer intends to cause to be constructed certain traffic <br />mitigation improvements ("Traffic Mitigation Improvements"). The <br />Traffic Mitigation Improvements will benefit the Property and <br />other properties (which are more fully described below). <br />D. Pursuant to California Government Code <br />Sections 66000 et sect. which regulate the payment of fees for <br />development projects, Developer is entitled to reimbursement of <br />some of the costs of the Traffic Mitigation Improvements <br />("Traffic Mitigation Improvements Costs"). City is willing to <br />administer the reimbursement of the Traffic Mitigation <br />Improvements Costs to Developer as set forth herein. <br />NOW, THEREFORE IN CONSIDERATION of the mutual <br />covenants and promises of the parties, the parties agree as <br />follows: <br />G:\P\CJ8000.4150/02Aug90a 1 <br />