FROMM, DAVID & BARBARA - Laserfiche WebLink

PARK CONDITION AGREEMENT THIS AGREEMENT is made this 7th day of May, 1996, between the City of Pleasanton a Municipal Corporation, ("City") and the Bernal Avenue Associates ("Owner"). RECITALS As major business parks and other commercial/office/industrial projects were being approved in Pleasanton in the mid-1980's, the City became aware of the need for park and recreation facilities to meet the requirements of employees of businesses locating in these projects; however, information concerning the effects of such employees, particularly non-resident employees, on local park and recreational facilities was lacking at that time. Faced with similar situations concerning the need for, and methods to fund, facilities for water, fire, and street improvements (primarily in the North Pleasanton area), the City required studies be done for new commercial/office/industrial projects; these studies' recommendations were implemented through assessment districts. Subsequently, the City, by condition of approval, required several major business parks to fund a study of the reasonable park and recreation facilities' needs of their employees and the manner of participation in the capital costs for the facilities determined necessary. As commercial/office/industrial projects were approved, the City imposed a condition (hereafter "the Park Condition") on the projects obligating the projects to pay for the park and recreation facilities' needs of their employees (the "Park Obligation"). Thereafter, several surveys and studies were conducted to assist in quantifying the obligation of the Park Condition. The surveys and studies concluded the maximum Park Obligation would be $159-$172/employee. City representatives have met with the various property owners whose properties have the Park Obligation in an effort to seek consensus on the amount of the Park Obligation as well as on the funding mechanism. (PARKBAASAM) 1