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09
City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2022
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071922
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Last modified
7/14/2022 3:03:29 PM
Creation date
7/14/2022 2:27:16 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
7/19/2022
DESTRUCT DATE
15Y
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09 SUPPLEMENTAL
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\CITY CLERK\AGENDA PACKETS\2022\071922
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AGREEMENT <br /> NOW, THEREFORE, in consideration of the foregoing recitals,the nultual covenants contained <br /> in this Agreement,and other good and valuable consideration,the receipt and sufficiency of <br /> which is hereby acknowledged, the Parties agree as follows: <br /> ARTICLE 1. <br /> DEFINITIONS <br /> Section 1.1 Definitions. In addition to the terms defined elsewhere in this Agreement, <br /> the following capitalized words shall have the following meanings: <br /> (a) "Agreement"means this Johnson Drive Economic Development Zone <br /> Transportation Improvement and Cost Allocation Agreement. <br /> (b) "Auditor" is defined in Section 3.10. <br /> (c) "City"is defined in the preamble. <br /> (d) "City Engineer"means the City Engineer or his or her designee. <br /> (e) "Cost Certification"is defined in Section 3.10. <br /> (t) "Costco"is defined in the preamble. <br /> (g) "Costco Acquisition Costs" is defined in Section 3.9. <br /> (h) "Costco Construction Costs"means(i)the actual out of pocket costs paid <br /> by Costco to third parties related to the designi and construction of the JDEDZ Street <br /> Improvements, excepting costs to pay Cost Oven-tins as further specified in this Agreement and <br /> (ii)the actual out of pocket unreimbursed costs, up to Seven Hundred Ten Thousand Dollars <br /> (S7 10,000),paid by Costco for Stoneridge Drive and 1-680 Project costs that do not constitute <br /> Stoneridge Drive Cost Overruns. <br /> (i) "Costco Contribution Amount" is defined in Section 4.2. <br /> 0) "Costco Reimbursement Amount is defined in Section 4.2. <br /> (k) "Costco Right of Way" means the portion of the Costco Site to be <br /> dedicated to the City to allow for the JDEDZ Street Improvements adjoining the Costco Site <br /> shown on Attachment 5. <br /> (1) "Costco Sales Tax Share"means forty percent(40%)of the Sales Tax <br /> generated by Costco at the Costco Site during the Tenn of this Agreement. <br /> (m) "Costco Site"means the real property at 7200 Johnson Drive. <br /> (n) "Costco Store"means that wholesale and general merchandise store <br /> owned by Costco and located on the Costco Site. <br /> 3 <br /> 1310 01` 218870.8 <br /> zn,2ols <br />
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