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PRUDENTIAL INSURANCE REIMBURSEMENT AGREEMENT 1984
City of Pleasanton
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PRUDENTIAL INSURANCE REIMBURSEMENT AGREEMENT 1984
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10/29/2007 3:05:35 PM
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LONG TERM AGREEMENTS
LONG TERM AGREEMENTS - DOCUMENT DATE
4/17/1984
LONG TERM AGREEMENTS - NAME
PRUDENTIAL INSURANCE
LONG TERM AGREEMENTS - TYPE
REIMBURSEMENT AGMT
LONG TERM AGREEMENTS - RECORD SERIES
704-06
LONG TERM AGREEMENTS - DESTRUCTION DATE
PERMANENT
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<br />one or more affected parties which would require <br />specific improvements, transfers of land, or any <br />other action other than the direct payment of <br />funds, Prudential shall pay for all fees and <br />expenses and undertake to make all improvements <br />and transfers at the time necessary, provided, <br />however, that said agreement is mutually accept- <br />able and agreed upon by the City and Prudential. <br />(d) City shall use its best efforts to attempt to <br />acquire those lands of MB Associates on such terms <br />and conditions such that no payment to MB Associates <br />shall be required until the North Pleasanton <br />Improvement District is formed and bonds are sold. <br />In the event acquisition cannot be accomplished on <br />the above terms, City shall acquire said lands <br />only after reaching an agreement with Prudential <br />over the terms and conditions of said acquisition. <br />3. The parties shall cooperate with each other to cause <br />the North Pleasanton Improvement District to be formed as soon as <br />reasonably practical and to cause the North Pleasanton Improvement <br />District to reimburse Prudential for all costs and expenses <br />incurred by them, plus interest, if such costs, expenses, and <br />interest are included as a part of the costs and expenses financed <br />by the North Pleasanton Improvement District and such costs, <br />expenses and interest are reimbursable by the North Pleasanton <br />Improvement District to Prudential. Reimbursement by City shall <br />be made within thirty (30) days after the sale of the bonds. <br />~' -4- <br />t <br />,. <br />
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