GREENBRIAR HOMES - REIMBURSEMENT AGMT BRIDAL CREEK RESERVOIR

REIMBURSEMENT AGREEMENT FOR INSPECTION SERVICES OF BRIDLE CREEK PUMP STATION and RESERVOIR THIS AGREEMENT is entered into at Pleasanton, California, this ~]~ay of Tan Baru 2000 by and between the CITY OF PLEASANTON, Alameda County, California, a municipal corporation ("City") and Greenbriar Homes ("Developer") with reference to 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 Bridle Creek (the "Property"). Developer has obtained City approval of a final map fora 111 unit single-family residential project to be constructed on the Property. B. In connection with construction described above, Developer is required to construct a water pump station and reservoir. C. City desires to contract directly with G. S. Dodson and Associates ("Consultant") for inspection services, shop drawing review, and related documents for the Bridle Creek water pump station, reservoir, and related telemetry, subject to reimbursement by Developer. NOW, THEREFORE, IT IS AGREED AS FOLLOWS: 1. Work Developer is constructing the Bridle Creek water pump station, reservoir, and related telemetry, as per plans and specifications approved by the City Engineer. As part of the construction, City desires to contract directly with Consultants to complete shop drawing review, assist in change orders, and inspection. Based on the consultant's schedule, 55% of the inspection time will be spent on the pump station and 45% on the reservoir. 2. Reimbursement. a. Developer shall reimburse City for all Consultant's work described in Paragraph 1 above, in an amount not to exceed $114,257, less $27,412, (one half of the previously paid inspection fees for the pump station and reservoir) which the City will contribute towards the Consultants' work. For the Consultants' work, Developer shall make reimbursement payment to the City within thirty (30) days after Developer's receipt of invoices from the City. b. The City shall reimburse Developer the pro rata share of the Bridle Creek water reservoir inspection fees when paid by other North Sycamore Specific Plan developers in conformance with the North Sycamore Specific Plan Infrastructure Financing Plan. c. The City shall reimburse Developer one-third the Bridle Creek water pump station inspection fees when the golf course construction contract is award by City Council.