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Attachment 3: REIMBURSEMENT AGREEMENT FOR IMPROVEMENT REIMBURSEMENT AGREEMENT FOR IMPROVEMENT (Stanley Boulevard Storm Drain Line) This Reimbursement Agreement("Agreement") is entered into , 2014, between the City of Pleasanton,a municipal corporation("City")and Ponderosa Homes II, Inc., a California Corporation(the "Developer"). RECITALS/2 A. Developer is the owner of real property located,in the City of Pleasanton,County of Alameda, State of California, commonly known as 4202 Sttanl y'B. i evard(Parcel 1 of PM 10180), consisting of approximately 1.9 acres (the"Property" \\ B. The Developer has received approval or a"Planned Unit Development Plan(PUD-97), pursuant to Ordinance No 2077, adopted by the City'touncil on Septemberr3,2013;and the Developer has obtained approval of a vesting tentative niap fora 1.89 acre portion of the Property for a twelve single family detached residential`development designated as Tract 8159 ("Project"), approved by the City Planning Commission on November 133,, 2013 byt olution No. PC-2013-48. C. In connection with the develo\p`t ent ofthe'Property, the eveloper intends to construct, or cause to be constructed, ant"`storm drain lirke to bed icated to the public within Stanley Boulevard as described"Plan and Pro71 e Boulevard'\in improvement prepared by Ruggeri- Jensen-Azar dated May. , a`: . .0 .ved by�th City Engineer as shown in Exhibit A,attached hereto and incorporated he %reference ("Improvements"). D. Their rov ents cgnta nKsuppl leap\`acity which will benefit the real property at 4171 and 189Staril'B ul vard>an`a T' ft � y \ pproxi a y�12 acre parcel which is to be developed with thirteens e�family detache�hom s,ptnsuant to PU6-82 approved by the City Council by Ordinance No. 2021 opted on October 8>2011,'an'' ract 7968 approved by the City Planning Commission on July 11,2012 by�Resolution No. CL2012>31 he "Tract 7968 project"). E. Pursuant tc ndition iipproval No. 59 for PUD-97, the Developer is required to install the Improvements subject o p�ata reimbursement from the Tract 7968 project. F. Pursuant to the Suibd' sion Map Act(Government Code §66410,et. seq.)and the Conditions of Approval, the 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 herein. NOW, THEREFORE, in exchange for mutual consideration,the receipt of which is hereby acknowledged,the parties agreed as follows: 1