RES 01105 - Laserfiche WebLink

connection with the acquisition, construction, reconstruction, interim housing, purchases of buses, equipping and furnishing of the School Facilities. and related administrative expenses and legal expenses allowable by law. During the term of this Amended Cooperative Fee Agreement, District shall provide to the Cooperative Fee Developers documentation indicating the amounts and expenditures of Residential School Fees collected from the Cooperative Fee Developers pursuant to this Amended Cooperative Fee Agreement, and the application of any credits and reimbursements, all of which information shall be kept in a manner consistent with District's maintenance of records regarding development fees pursuant to Government Code section 66006. District shall further provide summaries on at least an annual basis to the Cooperative Fee Developers and City of all Residential School Fees and other school impact fees collected and expended in the previous year by District. With regards to school impact fees collected for commercial projects, the District shall place those funds in a separate account. That account will be used (1) to pay for the incurred costs reasonably necessary to carry, out the District's effort to obtain State Funds and (2) then to pay for the School Facilities listed on "Exhibit B". ARTICLE V MEETINGS Section 5. I The Cooperative Fee Developers will cooperate with District in arranging and participating in meetings with other homebuilders building or potentially building in the City. of Pleasanton, including but not limited to the developers of the Vineyard Corridor area, towards the end of reaching agreement with these other developers concerning the District's remaining facilities needs. Section 5.2 Unless otherwise agreed, the Cooperative Fee Developers and District will meet and confer at least every, six months to review the status of this Amended Cooperative Fee Agreement and progress thereunder. ARTICLE VI DISTRICT RESPONSIBILITIES Section 6.1 Pursuit of State Funds. The parties acknowledge that during the term of this Amended Cooperative Fee Agreement, various sources of school construction funding may be available to the District from the State of California. The District will pursue State Funds for which it is eligible for all facilities identified in Exhibit "B", particularly including for the elementary, school on Vineyard Avenue, utilizing K-5 grade eligibility. The Cooperative Fee Developers will coordinate their efforts with and assist District in seeking State Funds. District shall be reimbursed from Residential School Fees for its administrative expenses and legal costs reasonably incurred to carry, out the provisions of the previous sentence as pertained by State Law. District shall not. however, be obligated to apply for public funds if, in the reasonable discretion of the Board, the conditions of such funding are inconsistent with District's policies and goals, the cost of applying and qualifying for the funds is not justified after taking into account the amount of available public funding the probability of the District's receiving funds and the estimated amount of the funds the District may receive. While District shall not be required to increase student loading criteria to qualify for public funds. District shall not reduce its standards, policies and goals in effect as of the date of this Amended Cooperative Fee A~eement for any factor considered by public funding sources. June I, 2001