Laserfiche WebLink
realignment of Vineyard Avenue and construction of most of the utilities within <br /> it. a level of infrastructure financing typically beyond the ability of the small <br /> projects within the Corridor to undertake alone. The City and Property Owner <br /> acknowledge that implementation of the Specific Plan is a large -scale undertaking <br /> occurring over several years. Property Owner is unwilling to incur the required <br /> investment or grant the use of its Property for public infrastructure without <br /> assurance from the City that all phases of its Project can be developed. used. and <br /> sold in accordance with the approvals granted by the City. <br /> F. The downturn in the economy in 2001 has led several developers to postpone <br /> planned development within the Corridor, essentially forcing all development in <br /> the eastern sector to be delayed. <br /> G. The Pleasanton Unified School District (the "District') has planned an elementary <br /> school within the Corridor, has purchased property. has negotiated a construction <br /> financing program. and seeks to build the school in the short term. The school <br /> requires much of the road and utility improvements planned within the relocated <br /> Vineyard Avenue to be constructed in order for the school construction to <br /> proceed. <br /> 1-1. The City and the District have explored options which would fund and construct <br /> the realigned Vineyard Avenue and selected utility segments which would allow <br /> Revision #I, Draft Chrisman Development Agreement Page 3 of 13 <br />