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4_Exhibit B
City of Pleasanton
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BOARDS AND COMMISSIONS
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PLANNING
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2020 - PRESENT
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2023
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11-08_SPECIAL
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4_Exhibit B
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11/1/2023 3:02:51 PM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
11/8/2023
DESTRUCT DATE
15Y
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\BOARDS AND COMMISSIONS\PLANNING\AGENDA PACKETS\2020 - PRESENT\2023\11-08_SPECIAL
4_Exhibit A
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\BOARDS AND COMMISSIONS\PLANNING\AGENDA PACKETS\2020 - PRESENT\2023\11-08_SPECIAL
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93103418 <br />August 20, 1991, to the date of such advance, ~ (B) $28 306. <br />o ' <br />The Crocker Agreement has not been and w~ll 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 ImDrovements. 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 allo~ <br />City to payoff the amount of indebtedness that is in dispute In <br />the event Developer prevails in the litigation. A good faith <br />7-
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