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Attachment 3: REIMBURSEMENT AGREEMENT FOR IMPROVEMENT Section 6. Manner of Disbursement. The right to the Reimbursable Costs shall be personal to Developer and shall continue notwithstanding the subsequent sale or transfer of the Property. Developer shall have the right, in its sole discretion, to assign its interest to the Tract 7968 project's pro-rata share of the Reimbursable Costs to another person or entity at any time by providing City written notice of such assignment. The Developer hereby directs that any Reimbursement Costs due to the Developer pursuant to this Agreement shall be payable to the Developer and mailed to: Ponderosa Homes II, Inc. a California Corporation \' The Developer may change the payee and o ess of payments`'y notice in writing to City, such notice to be effective upon receipt by City. \\\ Section 7. Term. Upon payment by the Tract>/96,8 prdjof its pro-rah share of the Reimbursable Costs to Developer in ful this Agreement hha'II terminate 1 Section 8. Amendments. Any - is kodificat on,suspension or cancellation of this Agreement must be in writing agreed upon, r 1 pat Section 9. Disp " •"-$ arising er/this, nt s h all be filed with the City Manager, who shall be�i orizedt olve such diispeute's. Any d ision made by the City Manager with respect to this Agreed may b pealed to the City Council. Any such appeal to the City Council must be made in ad ed to t' 'ity Council. Final action of the City Council shall be required befatriegal . :on y ;su ®.. s*rent may instituted. Notwithstanding the foregor g either patty , in . t +_'�'on to . . 1. or remedies, institute legal action to cure, co s remedy and de,: ult, er once anyt or agreement herein, enjoin any threatened or attempte 'hlatien or enforce spec= 'erformance the obligations and rights of the parties hereto. In suc -,ev t,the prevai ' party's� be entitled to its attorneys' fees and costs, if any, in addition to any ot �l�iefto whi such party may be entitled. Section 10. Apjrlii'' ble/ wit The laws of the State of California shall govern the interpretation and enforce oi+ of ®s s Agreement. Section 11. Successors-In-Interest. Except as otherwise provided in this Agreement, for the term of this Agreement, all of the provisions, rights,powers,terms, covenants, and other obligations contained in this Agreement shall be binding upon the parties and their respective heirs, successors (by merger, consolidation, or otherwise)and assigns, devisees,administrators, representatives, lessees, and all other persons or entities acquiring the Property, or any portion thereof, or any interest therein, whether by sale,operation of law or in any manner whatsoever,and shall inure to the benefit of the parties and their respective heirs, successors (by merger, consolidation or otherwise) and assigns. 3