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WHEREAS, mitigating measures included agreement to <br /> participate in assessment districts or other funding mechanisms <br /> for certain improvements; and <br /> <br /> WHEREAS, Developer desires to secure subdivision approval and <br /> building permits for the project as soon as possible, prior to <br /> the completion of, and determination of the financing of, the <br /> studies and improvements required; and <br /> <br /> WHEREAS, City may adequately protect its interest in securing <br />payment for the various studies and improvements through this <br />agreement and finds that it is in the public interest to allow <br />Developer to proceed in advance of their completion. <br /> <br /> NOW, THEREFORE, City and Developer hereby agree as follows: <br />I. TRAFFIC FACILITIES <br /> <br /> Developer agrees to place the project site into an assessment <br />district or districts for the construction of all of the <br />facilities necessary for the amelioration of traffic congestion <br />caused by development of the project including its direct and <br />cumulative traffic impact. Facilities may be those described in <br />the North Pleasanton Traffic Studies, Volumes I, II and III, the <br />Traffic Impact Analysis-Stoneridge Center, April 15,1982, the <br />Tri-Valley Transportation Study, or other facilities deemed <br />necessary by the City. The assessment district or districts <br />shall be formed at the time deemed necessary by the City. <br /> <br /> - 2 - <br /> <br /> <br />