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., <br />. ,. .. ., <br />REIMBURSEMENT AGREEMENT FOR <br />TRAFFIC SIGNAL AND SANITARY SEWER IMPROVEMENTS <br />~~ <br />THIS AGREEMENT is entered into at Pleasanton, California, this ~ day of <br />~`!/r' ,2000, between the CITY OF PLEASANTON, (City) and MOUNT DIABLO <br />NAT NAL BANK (Developer) with reference to the following facts: <br />RECITALS <br />A. Developer is the owner of certain real property in the City of Pleasanton, <br />commonly known as 900 Main Street (the Property); Developer has obtained City approval of a <br />conditional use permit and design review for the Property; <br />B. In connection with the project described above, City has asked Developer to <br />install a traffic signal at Vervais Avenue and Main Street and to insta112871ineal feet of 8" SDR <br />35 PVC sanitary sewer pipeline and two 48" standard manholes; <br />C. The traffic signal is one of the traffic improvements identified in the City's <br />Traffic Development Fee Ordinance, Chapter 3.20, Pleasanton Municipal Code; <br />D. City requirements applicable to the project's location require the use of specific <br />light standards and poles, and the City has, in December 1999, issued final approved plans for <br />the intersection; the Developer's general contractor advised Developer that there will be at least <br />a fourteen (14) to sixteen (16) week delay before the specified poles and controllers can be <br />delivered; as an interim measure, Developer's general contractor shall install temporary poles <br />and controllers so as not to interrupt the flow of traffic, and when the specified poles are <br />delivered, they will be installed as specified; the temporary installation and subsequent <br />permanent installation have resulted in increased costs; <br />E. Developer is willing to install the requested traffic signal and sewer line, subject <br />to reimbursement by City; <br />F. City has agreed that the delay in delivery of the specified poles and controllers <br />shall not hold up or delay Developer's rights to otherwise occupy the Property. <br />NOW, THEREFORE, IT IS AGREED as follows: <br />1. Improvements. Developer shall construct the following improvements: <br />a. 287 feet of sanitary sewer line which transects the property in the rear and <br />two manholes, as more particularly shown on City approved plans, attached hereto as <br />Exhibit A; and <br />C:\WINDOWS\TEMP\REIMB Traffsig5.doc - 1 - <br />