16 - Laserfiche WebLink

REIMBURSEMENT AGREEMENT PE Corporation (NY) -- Applied Biosystems THIS AGREEMENT ("Agreement") is entered into this day of 2007, by and between the CITY OF PLEASANTON, a municipal corporation ("City"), and PE CORPORATION (NY) through its Applied Biosystems Group, a New York corporation ("Developer") for reimbursement for improvements to Sunol Boulevard. RECITALS A. Developer is the owner of an approximately eighty (80) acre parcel of real property commonly known as 6001 Sunol Boulevard, Pleasanton, California, ("Property"). B. On July 18, 2001, pursuant to Ordinance No. 1808, the City Council approved a planned unit development (PUD 98-07) for the Property which was submitted by prior owners, Kaiser Aluminum and Chemical Corporation; and the conditions of PUD 98-07 continue to apply to the Property (see PUD-16 Condition #2). C. On December 4, 2001, pursuant to Resolution No. 01-121, the City Council approved a Planned Unit Development final plan (PUD-16) allowing Developer to construct an approximately 960,000 square foot office and research campus, and related tree removal and grading plans, on the Property ("Project"). D. As part of the Project, Developer has constructed, improvements to Sunol Boulevard as set forth in the "Street Improvement Plans for Construction in Alameda County in Pleasanton at Sunol Boulevard" designed by Brian Kangas Foulk, dated March 18, 2002, a copy of which is available in the office of the City Engineer, and pursuant to a Public Improvement Agreement between the parties dated June 18, 2002. E. To the extent that some portions of the improvements exceed the Project's requirements and benefit properties in the vicinity, the City has agreed to attempt to seek reimbursement from these properties when these properties develop, subdivide or redevelop as set forth below. NOW, THEREFORE, in exchange for mutual consideration, the receipt and value of which is acknowledged, the parties agree as follows: