PC 2000-49 - Laserfiche WebLink

(vi) Funding shall occur at the earlier of (i) when actual work begins on an invoice basis, or (ii) one (1) year following the close of escrow of the final home in the Project. In the event (i) occurs fn~, fundi~ ~.H be on an as-invoiced basis. In the evem (ii) occurs first, funding shall be in a lump stun payment. R~imbursement Mechanism: Starting the date that this Agreement is approved and executed by both parties and continuing for two (2) years following that date, City shall allocate and deposit into an Account fitb/percent ($0%) of all the TDF collected from other develol~rs; for the third (3'~) year following such date, City shall allocate and deposit into the Account forp/, percent (40%) of the TDF co!letted from other developers; for the fourth (4°') year and fifth (S~ year following such date, City shall allocate and deposit into the Account thirty percent (30%) of the TDF collected from other developers. Following the fifth (5t~) year, no TDF fees collected f~om other developers shall be allocated to offset Property Owners obligation for payment of interchange costs. At any time during this patio& funds are needed to pay for design of the Intorehange, funds shall be used from this Account before requesting payment from Property Owner. Upon time of final payment by Property Owner, the total amount collected by other developers and any payments made to date hy Property Owner shall be deducted from final payment. (b) ~. Bemal Bridge improvements shall be undertaken in aacordance with the Initial Project Approvals, including the Bemal Bridge Agreement [still being dtscussed]. (c) Bemal Avenue Imnrovements. Property Owner shall be responsible for conslx~ucting improvements to Bernal Avenue in accordance with the Initial Project Approvals. 3.7 Renional Transtx)rtation Fee. Subject to the Fee Cap Term, the Project shall be subject to payment of the Tri-Valley Transportation Development Fee (TVTDF) as such fee has I~,en adopted by the Tri-Valley Transportation Council (TVTC) and shall pay the amount of such Fee in accordance with City of Pleasanton Resolution No. 98-90. The scope of the l~affic improvements shall be based on the list of "Transportation Improvement Projects" identified in Section 8 of the Joint Exercise of Powers Agreement between the County of Contra Costa, the City of San Ramon, the Town of Danville, the County of Alameda, the City of Dublin, the City of Livermore and the City of Pleasanton. 3.8 Water Sure,Iv and Water Riv. hts Agreement to Neizotiate. City shall, for the purpose of meeting the Project demands, f~om the water supply available to the City, reserve for the buildout of thc Project and serve the Project with potable water, in accordance with the provisions of the Initial Project Approvals. 3,9 l~.a,~,=hl~. Within thirty (30) days following City's approval of the Specific Plan and the PUD, Property Owner shall submit an application for approval of a Master Vesting Tentative Map (the "Master Map"). Provided the Master Map substantially conforms to the Specific Plan and the PUD, the City shall review and approve the Master Map in accordance with the Master Map Approval Schedule attached hereto as Exhibit F and incorporated herein by 35690/849375v5 - 13 -