FOOTHILL INVESTMENT - AGREEMENT - Laserfiche WebLink

II. WATE~2 SERVICE STUDY Developer agrees to participate in the funding of a compre- hensive water study of the Tdorth Pleasanton area designed to identify short- -and Ong-term improvements necessary to achieve adequate water supply and pressure, said study being in progress at this time. The Developer's share of the total cost of the study may be made a part of a subsequent assessment district, at the discretion of the City. In the event said study. costs are not made a part of an assessment district, Developer shall pay to the City the Developer`U~~are of the total cost, an amount not to exceed $ S,OOQ~_, within one month of notifica- tion by the City Engineer of demand for payment and the amount thereof. - III. WATER SERVICE IP•1PP.OVE~'IENTS Developer agrees to pay his share of the cost of the water facilities necessary to serve the subject site or made necessary due to the cumulative development of the. North Pleasanton area> Water facilities necessary shall be those identified as short- and long-term improvements identified in the above-mentioned study and as deemed necessary by the City Engineer. Developer agrees to participate in the funding of such improvements in whichever manner best achieves timely completion of such ~:mprove- ments concurrent with the. development of the subject site. The City may require funding by (1) assessment district or districts in which Developer agrees to place the subject site; (2) benefit district proceedings; or (3) any other mechanism or combination of mechanisms determined necessary by the City Engineer and/or the City Attorney. _~~