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H. The City and the District have explored options which would fund and construct <br />the realigned Vineyazd Avenue and selected utility segments which would allow <br />the school to be built and operated. Funding by the City and District of the <br />Phase I improvements, as described below, will exceed their respective ultimate <br />pro rata shares of the cost of such improvements, making them eligible for <br />reimbursement. Reimbursement depends on the ultimate development of the <br />pazcels within the Corridor, including the Property. <br />I. The Specific Plan specifies the policies associated with the dedication and/or <br />acquisition of the rights-of--way for the realigned Vineyazd Avenue and school <br />loop road. It was contemplated that dedication would occur as projects develop, <br />and any acquisition would occur as necessary to incorporate the required <br />infrastructure. That portion of the Vineyazd Avenue right-of--way within the <br />Property (approximately 1.14 acres) is to be dedicated as a condition of <br />development. <br />In order to construct the roadway improvements contemplated by the City and the <br />District in a financially feasible way, the right-of--way must be dedicated at no <br />cost at this time, with eventual payment, if contemplated in the Specific Plan, <br />taking place as development occurs, as originally contemplated. <br />Revision #3, Draft Hahner Development Agreement Page 4 of 17 <br />