DIVISION STREET VICTORIANS - Laserfiche WebLink

~ ~ ~p,a REIMBURSEMENT AGREEMENT FOR ~C`~ ~ SITE PUBLIC STORM IMPROVEMENTS - TRACT 6311 THIS AGREEMENT is entered ~~ day of ~~ieL~1~ 1991, by Alameda County, California, a DIVISION STREET VICTORIANS, ("Developer") with reference t into at Pleasanton, California this and between the CITY OF PLEASANTON, municipal corporation ("City") and a California Limited Partnership o the following facts. A. Developer is the owner of certain real property in the City of Pleasanton, County of Alameda, State of California, commonly known as Tract 6311 (the "Property"). Developer has obtained City approval of a subdivision map for a nine lot residential subdivision. B. In connection with subdivision described above, Developer intends to construct or cause to be constructed certain public storm improvements off-site, which improvements will benefit the City. C. Pursuant to the Subdivision Map Act (California Government Code, Sec. 6641.0 et se ), Developer is entitled to reimbursement for certain costs of the improvements referred to above. City will accept storm drain improvements and is willing to reimburse the Developer for the cost as set forth herein. NOW, THEREFORE, IT IS AGREED AS FOLLOWS: 1. Improvements. a. Certain construction work subject to reimbursement to be performed by Developer as shown on approved construction plans, consisting of the approximately 137 feet of public storm line and related public improvements, will benefit City in addition to the Property. Developer is entitled to recover the costs of such construction work from the City for these improvements. The construction work to be performed by Developer for the off-site improvements eligible for reimbursement hereunder (collectively, the "Improvements") shall include the work described on Exhibit "A" hereto which. shall be performed at an estimated. costs as shown thereon. b. The reimbursement fee shall be based upon the estimates of construction costs stated in Exhibit "A". Within 60 days after completion of the job, Developer shall submit actual costs of the construction work to the City Engineer. Thereafter, reimbursement fees shall be based upon actual costs. 2. Ownership by City. Pursuant to the Subdivision Agreement between City and Developer, ownership of said work shall vest in the City, with Developer having the right to connect or right to use said Improvements in accordance with City regulation, and the right to reimbursement as provided below.