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ATTACHMENT 1 VALLEY BUSINESS PARK MEDIAN UPGRADE AGREEMENT This Valley Business Park Median Upgrade Agreement ("Agreement") is executed on September 18, 2018 by the City of Pleasanton, a municipal corporation ("City") and the Valley Business Park Owners Association, a California ("Association"). RECITALS A. The Association manages the 69-acre Valley Business Park ("VBP") approved by the City and subject to conditions generally set forth in Ordinance No. 928 and as subsequently modified for a Planned Unit Development (PUD-80-1 and PUD -80-15M), including Condition of Approval number 22, which provides that "the applicant enter into an agreement with the City approved by the City Attorney which guarantees that all landscaping included in the project shall be maintained in a healthful, attractive, and weedfree manner. Said agreement shall run with the land for the duration of the existence of the structures located on the subject property". B. As provided by the conditions and approvals discussed in Recitals A, above, and which are incorporated by reference herein, the Association is responsible for the maintenance and upkeep of the median islands on Valley Avenue between Quarry Lane and Santa Rita Road. C. The City and the Association desire to renovate three median islands on Valley Avenue just east of Santa Rita Road ("the Project"). D. The Association has insufficient reserve funds to cover the Project cost therefore requires a $48,000 loan. E. The City can provide a $48,000 loan to the Association to fund the Project from the City's Capital Improvement Reserve Fund (CIPR) NOW, therefore, in exchange for valuable consideration, the receipt of which is hereby acknowledged, Association and City agree as follows: 2. Once the City provides the loan and issued the Encroachment Permit, the Association will have a landscaper begin fieldwork for the Project which will include all of the following elements; Area - All three islands along Valley Avenue between Quarry Lane and Santa Rita. Phasing - All work would be engaged immediately and would be completed as 'one project or phase. • Landscaper will replant the medians per the attached Valley Business Park (PUD-80-1) Median Landscape Renovations Exhibit dated September 6, 2018. B. The Association would then be responsible for future maintenance per its Planned Unit Development (PUD). 3. Loan for Project Cost.