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ATTACHMENT 7 REIMBURSEMENT AGREEMENT FOR PUBLIC WATER LINE, SEWER LINE,AND RELATED IMPROVEMENTS Ponderosa Homes— Tract 8317, Rose Avenue Estates This Reimbursement Agreement for Public Water Line, Sewer Line, and related Improvements ("Agreement") is entered into at Pleasanton, California, on , 2017 between the City of Pleasanton, a general law city, ("City")and Ponderosa Homes I1, Inc., a California corporation ("Developer"). Recitals A. Developer is the owner, or is developing with permission of the owner,that certain real property located in the City of Pleasanton, County of Alameda, State of California,commonly known as 1851 Rose Avenue(the "Property"). The City has approved a planned unit development, PUD-99, rezoning for a 19-lot subdivision in two phases for the Property(the"Project"). B. In connection with the development of the Property, and as a condition of approval for the Project, Developer installed and relocated a water line and sewer line and other related infrastructure as more fully depicted on the plans titled Improvement Plans Off-Site—Sewer and Water Improvements prepared by Ruggeri-Jensen Azar and dated May 2017 and incorporated by this reference(collectively, "Improvements")that will benefit the Property and other nearby properties as more fully described below. C. Pursuant to the Subdivision Map Act(Government Code §66410, et seq.)and the Conditions of Approval for the Project, 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, in exchange for valuable consideration, it is agreed as follows: Section 1. Benefited Properties. The Improvements installed by Developer will benefit other properties("Benefited Properties") and existing City infrastructure in addition to the Property. The Benefited Properties include those properties listed in Exhibit A attached and incorporated by this reference. Pursuant to §66486, et seq. of the Subdivision Map Act, Developer is entitled to recover the Reimbursable Costs of the Improvements from the property owners of the Benefited Properties. Section 2. Reimbursable Costs. The costs for the construction of the Improvements and other related items are set forth in Exhibit B. Reimbursement from the Benefited Properties shall be based upon the costs in Exhibit B. Section 3.Ownership of Improvements. Developer has dedicated the Improvements and City has accepted the Improvements. Developer has the right to connect to and use the Improvements in accordance with City regulations and the right to reimbursement for the Reimbursable Costs for the Improvements, as 1