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SUBDIVISION DEVELOPER AMOUNT PAID PRESENT VALUE Tract 7002 Providence Housing Partners 24,300.00 39,828.81 Tract 7143 SummerHill Rose, Ltd. 70,128.00 107,704.58 Tract 7534 Roselyn Lane Project 53,757.00 67,074.06 Tract 8139 Roselyn Estates, LLC 34,419.00 35,560.92 Parcel Map 10537 Amanda Gagliardi 5,373.00 5,463.79 TOTAL: $187,977.00 $255,632.16 Table 1 — Developments and Their Pro-Rata Share On July 21, 2005, the City Council adopted General Plan 2005-2025, which no longer provided for the extension of Rose Avenue to Valley Avenue. Accordingly, the sanitary sewer and water main extensions were redesigned to traverse Alameda County Fairgrounds' property by a different alignment (see Attachment 4). In August 1, 2017, Ponderosa, working with SummerHill, secured the necessary public service easements from Alameda County Board of Supervisors. This action fulfilled the SummerHill obligation to secure the easements. The easements are dedicated to the City of Pleasanton and provide for the installation, maintenance and repair of the off-site improvements on Alameda County Fairgrounds' property. Following City Council acceptance, the City Engineer, acting under his authority pursuant to Resolution No. 11-425, will accept the easements and effect their recordation at the Alameda County Clerk-Recorder's Office. Upon recordation, the City Engineer will release the SummerHill Surety Bond. DISCUSSION Reimbursement to Ponderosa As noted above, Ponderosa is eligible to be partially reimbursed by an amount of $55,830 in Water Expansion Funds and $242,851 in Developer Funds for the construction and installation of the off-site improvements. On August 15, 2017, City Council approved the payment of$55,830 to Ponderosa Homes II, Inc. to cover the cost of an upgrade from the originally planned 10-inch water main to the installed 16-inch water main. Accordingly, the total reimbursement amount of$298,681 will be released to Ponderosa by the Director of Finance pending City Council's authorization. Installation of Off-Site Sanitary Sewer and Water Main Improvements The Off-Site Improvement Agreement provided for the construction and installation of the public sanitary sewer main, water main and laterals, and six fire hydrants on Alameda County Fairgrounds' property. Page 3of4