08 ATTACHMENT 5 - Laserfiche WebLink

4. IMPLEMENTATION OF EL CHARRO ROAD IMPROVEMENTS BYAUTHORITY OR BY PLEASANTON 4.1 If LIVERMORE has not commenced construction or installation of the El Charro Road Improvements by the date that PLEASANTON's annexation of Staples Ranch Property becomes effective, then PLEASANTON shall become the Constructing Agency unless LIVERMORE and PLEASANTON have mutually agreed otherwise in writing. 4.1.1 LIVERMORE agrees to pay to PLEASANTON one million dollars towards the El Charro Interchange Phase 1 Improvements (as defined in the Caltrans I-580/Fallon Road Interchange Modification Project No. 04-257604) which shall then be credited against the LIVERMORE'S share of the Ultimate Interchange costs. LIVERMORE shall remit payment to PLEASANTON within 30 days of when PLEASANTON notifies LIVERMORE that there has been substantial completion of the northbound to westbound loop of the Caltrans I- 580/Fallon Road Interchange Modification Project No. 04-257604. 4.1.2 If PLEASANTON is the Constructing Agency, PLEASANTON will also construct or cause to construct, at no cost to LIVERMORE or AUTHORITY, any modifications or change orders required to be made to the Caltrans I-580/Fallon Road Interchange Modification Project No. 04-257604 for the El Charro Road Interchange Improvements that are necessary to accommodate the El Charro Road Improvements or any other interchange modifications identified in the Staples Ranch Project EIR. To the extent that the interchange modifications are part of the design for the Ultimate Interchange, the costs of these modifications shall then be credited against PLEASANTON'S share of the Ultimate Interchange costs. 4.2 If PLEASANTON becomes the Constructing Agency, AUTHORITY agrees to pay for the full cost to construct the El Charro Road Improvements and the Freisman Road Relocation Improvements. The Freisman Road Relocation Improvements shall be bid as a separate cost item and the improvement costs tracked separately from the El Charro Road Improvements costs. The Freisman Road Relocation Improvements shall be built to LIVERMORE standards. 4.3 LIVERMORE agrees to cooperate in permitting and implementing the construction of the El Charro Road Improvements and the Freisman Road Relocation Improvements. LIVERMORE shall obtain all necessary right of way within the City of Livermore for the El Charro Road Improvements and the Freisman Road Relocation Improvements at no cost to the AUTHORITY or PLEASANTON. LIVERMORE further agrees that the Freisman Road Relocation Improvements are not required to be above the 100-year flood if paid for by AUTHORITY and the El Charro Road Improvements shall be built to PLEASANTON standards. The portion of the Freisman Road Relocation Improvements for Jack London Boulevard as shown on Exhibit must be built above the 100-year flood zone. 8 Cost Shazing Agreement Surplus Property Authority, Livermore and Pleasanton