Laserfiche WebLink
~ f <br />RLIMHORSEMENT AGREEMENT FOR <br />TRAFFIC SIGNAL <br />THIS AGREEMENT is entered. into at Pleasanton, California, <br />this ~ day of 1993, by and between the City of <br />Pleasanton, a general law city ("City").and SHAPELL INDUSTRIES, a <br />division of Shapell Industries, Inc., a Delaware Corporation <br />("Developer"). <br />A. Developer is the owner of certain real property in the <br />City of Pleasanton, County of Alameda, State of California, <br />commonly known as "Bonde Ranch", Assessor's Parcel. No. 946-2540- <br />001-36, -37, and -38, consisting of approximately 98.95 acres <br />("Property"}. After receiving approval pursuant to PUD 90-18, <br />Developer has obtained City approval of final subdivision maps, <br />Tract 6483 and Tract 6518, for a 102 lot single-family detached <br />residential development on the Property. <br />B. In connection with the development of the above <br />described Property, Developer intends to construct or cause to be <br />constructed a traffic signal at the intersection of Bernal Avenue <br />and Independence Drive that will benefit the Property and. other <br />properties more fully described below. <br />C. Pursuant to the Subdivision Map Act (Government Code <br />section 66410, et sect..), Developer is entitled to reimbursement <br />for certain costs of the traffic signal and related improvements <br />and City is willing to administer the reimbursement of costs to <br />Developer as set forth herein. <br />