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DRAFT ~ <br /> <br /> 1-580/680 DIRECT CONNECTOR PROJECT <br /> LOCAL MATCH CONTRIBUTION PAYMENT SCHEDULE <br /> FOR THE CITY OF PLEASANTON <br /> <br />TOTAL COMMITMENT $1,766,700 <br /> <br />PREVIOUSLY PAID $203,700 <br /> <br />OUTSTANDING CONTRIBUTION $1,563,000 <br /> <br />CITY agrees to make the following payments~ to AUTHORITY as its <br />share of local matching funds as set forth in Section I, <br />paragraphs (1) and (2) of this Agreement for the 1-580/680 <br />Interchange project: <br /> <br />DATE AMOUNT <br /> <br />7/1/2000 $781,500 <br />7/1/2001 $781,500 <br /> <br />Notwithstanding the payment dates set forth above, provided that <br />the Tri-Valley Transportation Council adopts and resolves to <br />collect regional mitigation fees, CITY shall enter into an <br />amendment to this Agreement to revise the payment dates to begin <br />reasonable payment on or before 7/1/1997. <br /> <br />In no event shall CITY make any payment later than the dates set <br />forth above. <br /> <br />~ PAYMENT TO BE IN CASH OR LOCAL MATCH CREDIT2 <br />~ LOCAL MATCH CREDIT WILL BE APPLIED FIRST AS APPROVED BY ACTA <br />BOARD AT ITS MEETINGS ON 9/26/96 IN THE AMOUNTS OF $429,416 <br />SUBJECT TO APPRAISAL OF CONTRIBUTED PROPERTIES. <br /> <br />0258001\ZZ47~1.1 10 DRAFT January :~1, I~FF <br /> <br /> <br />