Laserfiche WebLink
• <br /> •• <br /> 93103418 <br /> • <br /> _ . <br /> August 20, 1991, to the date of such advance, plus, (B) $28,306. <br /> The Crocker Agreement has not been and will not, without the <br /> prior written consent of Developer, be amended, modified, <br /> canceled, or revoked if the effect thereof would be to alter, <br /> condition or impair any such reimbursement rights in favor of the <br /> Developer. If (x) Crocker has advanced to City costs (in excess <br /> of Crocker's pro rata share thereof) to complete Traffic <br /> Mitigation Improvements, and (y) Developer has paid to City a <br /> portion of the Developer Contribution as provided in subparagraph <br /> (a) above, and City has paid or tendered such payment to Crocker <br /> as the "Reimbursement Fee" then payable to Crocker under Section <br /> 7(b) of the Crocker Agreement, and (z) Crocker has asserted that <br /> the amount thereof is less than the amount then due it under such <br /> provision of the Crocker Agreement in respect of the Project, and <br /> it is ultimately determined (by judgment or settlement reasonably <br /> approved by Developer) that City is obligated, at that time and <br /> in respect of the Project, to pay a Reimbursement Fee to Crocker <br /> in excess of the Developer Contribution theretofore paid under <br /> this Agreement, then Developer shall make a supplemental payment <br /> to City, by way of a further Developer Contribution equal to the <br /> additional amount determined to be owing by City to Crocker. <br /> Nothing in the preceding sentence shall increase the maximum <br /> Developer Contribution as hereinabove provided, and any <br /> additional such payment by Developer shall be credited against <br /> future payments of the Developer Contribution payable to City <br /> under this Agreement. Developer shall not be obligated to make <br /> any additional payments in respect of City's obligations to <br /> Crocker under the Crocker Agreement, including costs or <br /> attorneys' fees. <br /> (c) Additional Traffic Improvements. City shall have <br /> the discretion to determine in good faith that the effects of <br /> cumulative development of properties within the North Pleasanton <br /> area (which shall be the area generally encompassed within the <br /> boundaries of the North Pleasanton Improvement District) require <br /> • additional traffic improvements ("Additional Traffic <br /> Improvements") beyond those required by Section 3.2(a) , and to <br /> spread, to the extent reasonable and practical, the cost of <br /> financing these Additional Traffic Improvements through formation <br /> of a special assessment district or districts encompassing those <br /> properties benefitting therefrom. Subject to the terms of this <br /> Agreement, Developer agrees not to protest the establishment of <br /> assessment districts to fund the Additional Traffic Improvements. <br /> Developer retains the right to protest and litigate all matters <br /> other than the validity of the formation of any such district, <br /> including but not limited to the scope of improvements, the costs <br /> thereof and the allocation of such costs among various <br /> properties. In the event Developer initiates or participates in <br /> litigation concerning allocation of the cost of such <br /> improvements, Developer shall allow formation of the district and <br /> placement of liens on the Property so long as City provides <br /> security which, in Developer's reasonable estimation, will allow <br /> City to pay off the amount of indebtedness that is in dispute in <br /> the event Developer prevails in the litigation. A good faith <br /> -7- <br />