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CROCKER PROPERTIES
City of Pleasanton
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CROCKER PROPERTIES
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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 />8. Time and Manner of Disbursement of <br />Reimbursement Fees. <br />a. Time of Disbursement. Reimbursement Fees <br />shall be disbursed by City to Developer within sixty (60) days <br />after City collects the Reimbursement Fees. <br />b. Personal Right. The right to <br />Reimbursement Fees shall be personal to Developer and shall <br />continue notwithstanding subsequent sale or transfer of all or <br />any portion of the Property; provided, however, that Developer <br />shall have the right to assign its rights to the Reimbursement <br />Fees to another person or entity at any time. <br />c. Recipient of Reimbursement Fees. <br />Developer hereby directs that Reimbursement Fees due to Developer <br />shall be mailed to: <br />Crocker Properties, Inc. <br />c/o Wells Fargo Bank, N.A. <br />111 Sutter Street, 22nd Floor <br />San Francisco, CA 94163 <br />Attn: Mr. David Nelson, Vice President <br />Developer may change the recipient and/or address of payments by <br />notice in writing to City, such notice to be effective upon <br />receipt by City. <br />9. Payments From Noncontributinc,~ Projects. If <br />Developer receives any monies ("Additional Projects <br />Reimbursements") from any projects other than Contributing <br />Projects to pay Traffic Mitigation Improvements Costs, Developer <br />shall pay the Additional Projects Reimbursements to City as an <br />additional Capital Improvements Impact Fee under the Development <br />Agreement, of even date herewith, between Developer and City. <br />10. Term; Extension. <br />a. Term. The term ("Initial Term") of this <br />Agreement shall be ten (10) years. <br />Initial Term <br />if there are <br />Fees ("Remai; <br />Developer or <br />Term. <br />of <br />any <br />Wing <br />its <br />b. Extension of Term. City <br />this Agreement for an additional <br />uncollected and/or undisbursed <br />Reimbursement Fees") which have <br />assigns as of the expiration of <br />shall extend the <br />ten (10) years <br />Reimbursement <br />not been paid to <br />the Initial <br />11. Disputes. Disputes arising as to this <br />Agreement or as to payment or reimbursement shall be resolved by <br />the City Manager. Any appeal from the City Manager's decision <br />shall be in writing addressed to the City Council. Final City <br />G:\P\CJBOOO.N50/02Aug90a <br />7. <br />
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