RES 89292 - Laserfiche WebLink

WHEN RECORDED, RETURN TO: City Attorney P. O. Box 520 Pleasanton CA 94566 DEFERRED STREET IMPROVEMENT AGREEMENT THIS AGREEMENT is made and entered into on the day of , 1989, by and among DIXIE KAMP, AND DIXIE KAMP AS TRUSTEE OF THE DIXIE ROSALIND MC CLURE KAMP REVOCABLE TRUST, (hereinafter referred to as "Property Owner") and the CITY OF PT~ASANTON, a municipal corporation (hereinafter referred to as "City"). The City and Property Owner agree as set forth below. I. RECITALS THIS AGREEMENT is made with reference to the following facts and objectives: 1. Property Owner is the owner of real property in the City of Pleasanton described in Exhibit "A", attached to this agreement and made a part of it by this reference, which consists generally of an approximately 1.0 acre site located at 3775 Trenery Drive, more particularly described as Parcel Map 5676, Alameda County, State of California. 2. Property Owner has applied for and received City approval to subdivide the subject site into two residential lots. 3. The traffic impact of this development will affect Trenery Drive, a private street that does not meet City street standards but is planned to be improved as properties develop in the general vicinity along this private street. 4. As a condition of approval, the Property Owner is required to contribute to the payment of the construction of Trenery Drive to City standards. 5. Although street improvements are normally done at the time properties are developed, the Property Owner wishes to defer improving the aforesaid Trenery Drive until such time in the future that such public improvements are warranted. 6. Because the subject improvements to be done by Property Owner would be of little value done alone, approval of the project has been conditioned upon improvements being done at such time in the future as this is deemed necessary by the City Engineer. -1-