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SILICON VALLEY BANK
City of Pleasanton
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LONG TERM AGREEMENT
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SILICON VALLEY BANK
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4/4/2008 11:36:17 AM
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11/1/2007 3:52:54 PM
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LONG TERM AGREEMENTS
LONG TERM AGREEMENTS - DOCUMENT DATE
12/15/1992
LONG TERM AGREEMENTS - NAME
SILICON VALLEY BANK
LONG TERM AGREEMENTS - TYPE
REIMBURSEMENT AGMT
LONG TERM AGREEMENTS - RECORD SERIES
704-06
LONG TERM AGREEMENTS - DESTRUCTION DATE
PERMANENT
LONG TERM AGREEMENTS - NOTES
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<br />REIMBIIR3EMENT AGREEMENT FOR <br />TRACT 6339 OFF-SITE IMPROVEMENTS <br />THIS AGREEMENT is entered into at Pleasanton, California, this <br />15th day of December 1992, by and between the CITY OF PLEASANTON, <br />Alameda County, California, a municipal corporation ("City") and <br />Silicon Valley Bank, a California corporation, ("Developer") with <br />reference to the following facts. <br />A. Developer is the owner of certain real property in the <br />City of Pleasanton, County of Alameda, State of California, <br />commonly known as Tract 6339 (the "Property"). Developer has <br />obtained City approval of a tentative map for a 23 lot residential <br />subdivision to be constructed on the Property. <br />B. In connection. with construction described above, <br />Developer intends to construct or cause to be constructed certain <br />improvements in Vineyard Avenue right-of-way area, which <br />improvements will benefit the Property and other properties more <br />fully described below. <br />C. Pursuant to the Subdivision Map Act (California <br />Government Code, Sec. 66410 et sect), Developer is entitled to <br />reimbursement for certain costs of the improvements referred to <br />above. City will inspect and accept aid improvements and is <br />willing to administer reimbursement costs to Developer as set forth <br />herein. <br />NOW, THEREFORE, IT IS AGREED AS FOLLOWS: <br />1. Improvements. <br />a. Certain construction work to be performed by <br />Developer, consisting of public improvements which include, but are <br />not limited to curb, gutter, sidewalk, driveways, utilities, <br />elctroliers, street section, striping and median installation, plus <br />related public improvements, will benefit other properties in <br />addition to the Property. Developer is entitled to recover the <br />costs of installation of the construction work as shown on Exhibit <br />"A" from other properties which benefit from these improvements. <br />The construction work to be performed by Developer and included in <br />the off-site improvements eligible for reimbursement hereunder <br />(collectively, the "Improvements") shall include the work described <br />on Exhibit "A" hereto, which shall be performed at an estimated <br />costs as shown thereon. <br />b. The reimbursement agreement shall be based upon the <br />estimates of construction costs included in Exhibit "A". Within 60 <br />days after acceptance of the improvements by the City, Developer <br />shall submit actual costs of the construction work, certified by <br /> <br />
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