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City of Pleasanton
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9/26/2013 3:21:14 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
10/1/2013
DESTRUCT DATE
15Y
DOCUMENT NO
11
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is true, accurate and correct, and made solely for purposes of the Clubhouse kitchen remodel. <br /> Property Owner's contractors and subcontractors shall provide the same certifications with their <br /> invoices. Property Owner shall provide detailed back-up documentation to City with each <br /> request for release of funds showing that work was performed and supplies provided solely for <br /> the purpose of the Clubhouse kitchen remodel as contemplated by this Article VI. Property <br /> Owner shall submit requests for reimbursement to City on a monthly basis (beginning October <br /> 31, 2013). If in City's reasonable estimation there is not enough information provided such that <br /> City can make a determination regarding the appropriateness of an expenditure, the City may <br /> request to review the Property Owner's records concerning these expenditures, and Property <br /> Owner shall provide such information. Copies of said documents shall also be made available by <br /> Property Owner to the Residents. Property Owner shall pay any fees assessed by Bank for <br /> performing these escrow services. The remodel of the Clubhouse kitchen shall be completed no <br /> later than June 30, 2014. The Property Owner shall not pass through to Residents any capital <br /> improvement costs associated with the Clubhouse kitchen remodel contemplated by this Article <br /> VI. <br /> C. By November 30, 2014, the Property Owner shall return to each Resident(whose <br /> occupancy precedes December 31, 2012 and still resides in the Park) a pro rata share of the <br /> $65,000 set aside for capital improvements contemplated by this Article VI that has not been <br /> spent. To effectuate this return, Property Owner shall provide to City at City's request a list of <br /> names and addresses of those residents eligible for the return of remaining monies, if any. City <br /> shall then provide the resident names and addresses to the escrow officer and direct the escrow <br /> officer to release said funds and mail checks to all eligible residents. <br /> VII. CAPITAL IMPROVEMENT COSTS <br /> A. Property Owner may pass through capital improvement costs other than those <br /> identified in part B of Article VI above provided Property Owner comports with the provisions <br /> of Pleasanton Municipal Code Section 6.60.100 (Capital Improvement Costs), a copy of which is <br /> attached as Exhibit B, along with examples of its application. <br /> B. Disputes regarding capital improvement costs, City's approval of reimbursements <br /> for capital expenditures and other items covered by this Article VII shall be resolved in <br /> accordance with Article III. <br /> C. Nothing in this Agreement prevents Property Owner from entering into separate <br /> agreements with Residents whose residencies predate January I, 2008 regarding payment on a <br /> monthly basis of additional rent for capital improvement costs. Thus, Property Owner may enter <br /> into agreements with individual residents whereby the latter may voluntarily agree to pay in lieu <br /> capital improvement costs on a monthly basis and be exempt from paying their share of capital <br /> improvement costs assessed pursuant to Pleasanton Municipal Code Section 6.60.100 as made <br /> applicable by this Agreement. The agreements contemplated by this provision shall only remain <br /> in effect for the duration of this Agreement. Residents not entering into such agreements with <br /> Agreement Providing for Stabilization of Mobilehome Space Rents <br /> October 1,2013 <br /> 7 <br />
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