Laserfiche WebLink
<br />Recording requested by <br />and after recording return to: <br />Braddock & Logan Group II, L.P. <br />P.O. Box 5300 <br />Danville, CA 94526 <br />oq~~~Ngl <br />REIMBURSEMENT AGREEMENT FOR <br />TRAFFIC SIGNAL IMPROVEMENTS <br />THIS AGREEMENT ("Agreement") is entered into this day of I~'r,~j ~ ~ ~' , 1999, <br />by and between the CITY OF PLEASANTON, a municipal corporation ("City") and <br />BRADDOCK & LOGAN GROUP II, L.P., a California Limited Partnership ("Developer"). <br />RECITALS <br />•a <br />A. Developer is the owner of that certain real property located in the City of Pleasanton, <br />County of Alameda, State of California, commonly known as "Castlewood Heights", consisting <br />of approximately 18.6 acres ("Property"), described more particularly in Exhibit A, attached <br />hereto and incorporated herein by this reference. <br />B. After receiving approval for the Development Plan designated as PUD-91-03, <br />pursuant to Ordinance No. 1565, approved by the City Council of the City ("City Council") on <br />July 7, 1992, approval was granted for a vesting tentative map fora 29-lot single-family, <br />detached residential development designated as Tract 6581 ("Project"), approved by the Planning <br />Commission of the City ("Planning Commission")pursuant to Resolution No. PC-92-91, <br />adopted on October 28, 1992, and as extended pursuant to Planning Commission Resolution No. <br />PC-98-94, adopted on December 9, 1998. The City Council approved the final map on May 18, <br />1999. <br />C. In connection with the development of the Property, Developer intends to construct or <br />cause to be constructed a traffic signal at Sunol Boulevard and Arlington Drive and other related <br />improvements as more fully described in Exhibit B, attached hereto and incorporated herein by <br />this reference ("Improvements"). <br />D. Such Improvements will benefit the Property and other nearby properties as more <br />fully described below. The Traffic Signal Improvements will mitigate the traffic impacts of the <br />Project and other anticipated development on nearby properties. <br />E. Pursuant to Condition No. 4-4 of the Conditions of Approval for PUD-91-03, <br />Developer is required to construct the Traffic Signal Improvements (the "Conditions of <br />Approval"). <br /> <br />