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ATTACHMENT 4 REIMBURSEMENT AGREEMENT FOR EXTENDED WATER AND SEWER IMPROVEMENTS This Reimbursement Agreement for Extended Water and Sewer Improvements ( "Agreement ") is entered into on , 2012, between the City of Pleasanton, a general law city ( "City") and Toll Bros., Inc., a Pennsylvania Corporation ( "Developer "). RECITALS A. Developer has an interest in certain real property located in the City of Pleasanton, County of Alameda, State of California, commonly known as 1689 Vineyard Avenue consisting of approximately 18 acres (the "Property "). After the Property received approval for the planned unit development plan designated as PUD -06, pursuant to Ordinance No. 1834 adopted by the City Council of the City Pleasanton on June 19, 2001, as amended, Developer has obtained approval of a vesting tentative map for a nineteen (19) lot single - family, detached residential development designated as Tract 8112 ( "Project "), approved by the City's Planning Commission by Resolution PC- 2002 -43 adopted on July 10, 2002 (which approval was for 7'ract 7385, of which Tract 8112 is a subsequent phase of that earlier tract). B. As provided by California Government Code §66485 et. seq., in connection with the development of the Property, Developer intends to construct or cause to be constructed extended water and sewer systems that contain approximately two hundred feet (200') of supplemental length in order to facilitate future connection at a water connection point and sewer manhole, respectively, for future development of 1666 Vineyard Avenue in Pleasanton (the "Benefitted Property ") as described and shown in the attached Exhibit A incorporated herein by this reference (the "Improvements "). C. Pursuant to Condition of Approval No. 9 of PC- 2002 -43 ( "Condition of Approval "), the Developer was required to install the Improvements and has requested reimbursement from the Benefitted Property. D. Pursuant to the Subdivision Map Act (California Government Code § §66410, et seq.) and the Condition of Approval, Developer is entitled to reimbursement for that portion of the costs of the Improvements, including amounts attributable to interest and administration costs, in excess of the construction costs required for the Project ( "Reimbursable Costs "). City agrees to administer the reimbursement of costs to Developer as set forth in this Agreement. NOW, THEREFORE, it is agreed as follows: Section 1. Improvements. The Improvements to be constructed, installed and financed by Developer will benefit the Benefited Property. The Benefited Property has the one (1) existing home and the potential to have three (3) new single family homes pursuant to the City's Vineyard Avenue Corridor Specific Plan, adopted by the City on June 1, 1999, as amended, and when the 1