RES 89415 - Laserfiche WebLink

REIMBURSEMENT AGREEMENT FOR PARCEL MAP 5506 OFF-SITE IMPROVEMENTS THIS AGREEMENT is entered into at Pleasanton, California, this day of , 1989, by and between CITY OF PT~SANTON, Alameda County, California, a municipal corporation ("City") and m. b. CHRISTENSEN DEVELOPMENT, INC. ("Developer") with reference to the following facts. A. Developer is the owner of certain real property in the City of Pleasanton, County of Alameda, State of California, commonly known as Parcel Map 5506 (the "Property"). Developer has obtained City approval of a tentative subdivision map for a 3 lot residential subdivision to be constructed on the Property. B. In connection with construction described above, Developer intends to construct or cause to be constructed certain improvements in Rose Lane and Rose Avenue right-of-way areas, which improvements will benefit the Property and other properties more fully described below. C. Pursuant to the Subdivision Map Act (California Government Code, Sec. 66410 et seq), Developer is entitled to reimbursement for certain costs of the improvements referred to above. City will inspect and accept said improvements and is willing to administer the reimbursement costs to Developer as set forth herein. NOW, THEREFORE, IT IS AGREED AS FOLLOWS: 1. Improvements. a. Certain construction work subject to reimbursement to be performed by Developer, consisting of underground utilities which include, but are not limited to, 328 feet of sewer line and 160 feet of water line in Rose Avenue, and 461 feet of storm drain line in Rose Lane, plus related public improvements, will benefit other properties in addition to the Property. Developer is entitled to recover the costs of such construction work from other properties which benefit from these improvements. The construction work to be performed by Developer and included in the off-site improvements is eligible for reimbursement hereunder (collectively, the "Improvements") shall include the work described on Exhibit "A" hereto, which shall be performed at an estimated cost as shown thereon. b. The reimbursement fee shall be based upon the estimates of construction cost included in Exhibit A. Within 60 days after completion of the job, Developer shall submit actual costs of the construction work, certified by Developer, to the City Engineer. Thereafter, reimbursement fees shall be based upon actual costs.