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LIN JENNIFER AND FREDERICK
City of Pleasanton
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LIN JENNIFER AND FREDERICK
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10/25/2007 4:46:16 PM
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10/25/2007 4:02:22 PM
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LONG TERM AGREEMENTS
LONG TERM AGREEMENTS - DOCUMENT DATE
7/8/1987
LONG TERM AGREEMENTS - NAME
LIN
LONG TERM AGREEMENTS - TYPE
STREET IMPROVEMENT AGMT
LONG TERM AGREEMENTS - RECORD SERIES
704-06
LONG TERM AGREEMENTS - DESTRUCTION DATE
PERMANENT
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connection with the aformentioned purchase to the <br />acquisition of right-of-way and construction of the <br />Bernal/Bonde extension. <br />2.3 To the extent said funds, when taken in <br />addition to the $596,000 committed to the Bernal/Bonde <br />extension by way of long term agreements, exceed the <br />necessary funding including reasonable contingencies to <br />complete the Bernal/Bonde extension they shall be paid to <br />Lin forthwith. <br />2.4 City agrees that it will use its "best <br />effort" to establish a benefit district or a reimbursement <br />agreement pursuant to California Government Code Sections <br />66484, and following, or Sections 66485, and following, or <br />any other applicable provisions of law for all lands within <br />the area of the Vineyard Avenue Moratorium established by <br />City Council Resolution No. 85-130, and the Bonde property. <br />2.5 To the extent any monies are received by way <br />of reimbursement as set forth in Section 2.4 above said <br />monies shall be distributed one-half to Lin and one-half to <br />City, for applicataion to circulation system improvements <br />made necessary by ongoing development. <br />2.6 It is anticipated that funding will not <br />become available for the acquisition of the Lin/West Las <br />Positas property until the Fall of 1987. Accordingly, City <br />agrees to fund initial costs and commence the Bernal/Bonde <br />extension project provided that Lin will deposit as security <br />4 <br />
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