MOLLER RANCH ASSOCIATES - Laserfiche WebLink

~ ! REIMBURSEMENT AGREEMENT FOR IMPROVEMENT (Moller Ranch - TM 6618 -Laurel Creek Pump Station & Moller Tank) THIS AGREEMENT ("Agreement") is entered into at Pleasanton, California, this r~ day of , /~fi'~ ,~"~~~ J2_.-- , 2000, by and between the City of Pleasanton, municipal corporation ("City") and Moller Ranch Associates, L.P. ("Developer"). RECITALS A. Developer owners property commonly known as Tract 6618 (Moller Ranch) (the "Property"). B. In connection with the development of the Property, the Developer has constructed, or cause to be constructed, water system enhancement improvements for the Laurel Creek Pump Station and Moller Tank Project (the "Improvements"). The Improvements contain supplemental size which will benefit the City's water system. C. Pursuant to the Subdivision Map Act (Government code section 66410, et seq.), the Developer is entitled to reimbursement for that portion of the costs of the Improvements. D. In addition to the Improvements provided by the Developer, the City will install a pressure valve for the Improvements, which will benefit Developer's project as well as the City's water system. Part of the cost of the pressure valve will offset a portion of the reimbursement. NOW, THEREFORE, in exchange for mutual consideration, the receipt of which is hereby acknowledged, the parties agreed as follows: Section 1. Improvements. The improvements which have been constructed, installed and financed by Developer benefit the Developer's project as well as the City. Therefore, pursuant to sections 66486, et seq, of the Subdivision Map Act, Developer is entitled to recover a reimbursement amount for the Improvements from the City. The Improvements are described as follows: • Upgrade of booster pumps ^ Additions to telemetry package ^ Add watermam flapgate as per DOHS ^ Tie in change at 20" outlet line ^ Valve vault extra work (valuing, piping, electrical) Section 2. Reimbursable Costs