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CROCKER PROPERTIES
City of Pleasanton
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LONG TERM AGREEMENT
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12/2/2008 4:45:52 PM
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10/18/2007 2:10:45 PM
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LONG TERM AGREEMENTS
LONG TERM AGREEMENTS - DOCUMENT DATE
8/20/1990
LONG TERM AGREEMENTS - NAME
CROCKER PROPERTIES
LONG TERM AGREEMENTS - TYPE
REIMBURSEMENT AGMT
LONG TERM AGREEMENTS - RECORD SERIES
704-06
LONG TERM AGREEMENTS - DESTRUCTION DATE
PERMANENT
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~ ~ <br />of Excess Traffid Mitigation Improvements Costs shall be paid by <br />City, subject to reimbursement by Contributing Projects. The <br />owner of each Contributing Project shall reimburse Developer or <br />City for its percentage share of the Excess Traffic Mitigation <br />Improvements Costs paid by Developer or City respectively <br />(together with interest at the Prime Rate. from the date of <br />payment by Developer or City to the date of reimbursement by the <br />owner of the Contributing Project). <br />7. Reimbursement From Contributingt Protects. <br />a. Reimbursement Fees. If Developer has <br />paid to City the portion of the Net Estimated Traffic Mitigation <br />Improvements Costs or Excess Traffic Mitigation Improvements <br />Costs attributable to a Contributing Project, the portion of the <br />Net Estimated Traffic Mitigation Improvements Costs or Excess <br />Traffic Mitigation Improvements Costs attributable to the <br />Contributing Project ("Reimbursement Fee") shall be collected <br />from the Contributing Project by City and paid to Developer. <br />b. Required Payments For Approvals. Based <br />on the estimated peak hour trips as set forth in Exhibit D, City <br />shall require payment of Reimbursement Fees by each Contributing <br />Project as a condition of the next approval requested by the <br />Contributing Project and shall collect the Reimbursement Fees in <br />conjunction with the next approval requested, except as provided <br />in subsection d. below. .City shall use its best efforts to <br />prevent Contributing Projects from receiving any City approvals <br />without paying the Reimbursement Fees, and shall not issue <br />permits, licenses or consents for development of the Contributing <br />Projects without payment of the Reimbursement Fees. <br />c. Failure to Collect. City shall <br />immediately pay to Developer the Reimbursement Fee for a <br />Contributing Project if, for any reason., City grants an approval <br />to a Contributing Project and does not collect and pay to <br />Developer the Reimbursement Fee attributable to the Contributing <br />Project . <br />d. Mall Expansion. If the approval <br />requested is for a mall expansion not involving an anchor store <br />(such as Sears), City .shall require payment of Reimbursement Fees <br />by the Contributing Project as a condition of approval on the <br />following basis. The payment of the Reimbursement Fees shall be <br />based on the number of peak hour trips which the use generates <br />based on 2.8 trips/1000 square feet. In all other respects the <br />provisions of subsections b. and c. above shall apply. <br />c:\P\CJBOOO.W50/02Aug90a 6 <br />
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