RES 97147 - Laserfiche WebLink

RESTATED AND AMENDED REIMBURSEMENT AGREEMENT FOR STONERIDGE CORPORATE PLAZA II THIS RESTATED AND AMENDED REIMBURSEMENT AGREEMENT FOR STONERIDGE CORPORATE PLAZA II ("Restated Reimbursement Agreement")is entered into as of the __ day cf ,1996, by and between the City of Pleasanton ("City"), a general law city located in Alameda County, California, and Crocker Properties, Inc. ("Developer"), a wholly owned subsidiary of Wells Fargo Bank, N.A. THIS RESTATED REIMBURSEMENT AGREEMENT IS ENTERED on the basis of the following facts, intentions and understandings of the parties: A. Developer is the owner of approximately twenty-seven and eight-tenths (27.8) acres of real property ("Property") in the City of Pleasanton, County of Alameda, State of California, commonly known as "Stoneridge Corporate Plaza I1." The Property is more particularly described in Exhibit A, attached hereto. B. Developer has obtained approval from City of a modification of PUD 81.-22 and a revised general development plan for a multi-phase, multi-building project ("Project"), with an aggregate of approximately six hundred four thousand seven hundred fifty. (604,750) square feet of gross floor area, to be constructed on the Property, Developer also has entered into an amended Development Agreement ("Development Agreement") with City to allow for the phased construction of the Project. C. On August 20, 1990, City and Developer entered into a Reimbursement Agreement for Stoneridge Corporate Plaza II ("Reimbursement Agreement") pursuant to Condition No. 25 of PUD-81-22-6M relating to the provision of certain traffic mitigation improvements ('Traffic Mitigation Improvements") in connection with development of the Property. D. The Reimbursement Agreement acknowledges that the Traffic Mitigation Improvements will benefit the Property and other properties described therein, and allocates a share of the costs of the Traffic Mitigation Improvements to Developer and to each other benefiting property ("Contributing Project'"). E. Pursuant to California Government Code Sections 66000 et seq. which regulate the payment of fees for development projects, Developer is entitled to reimbursement of some of the costs of the Traffic Mitigation Improvements ("Traffic Mitigation Improvements Costs"). City is willing to administer the reimbursement of the Traffic Mitigation Improvements Costs to Developer as set forth herein. (AGREEMENTS',SRIDG1 CL.SAM) 1