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CITY COUNCIL OF THE CITY OF PLEASANTON <br /> <br /> ALAMEDA COUNTY, CALIFORNIA <br /> <br /> RESOLUTION NO. 86-366 <br /> <br /> AUTHORIZE THE CITY MANAGER TO SIGN DRAFT LETTER <br /> AGREEMENT WITH PRUDENTIAL INSURANCE COMPANY FOR SPORTS <br /> PARK ACCESS AND OTHER RELATED IMPROVEMENTS <br /> <br /> WHEREAS, the Prudential Development Group has prepared a draft <br /> letter agreement to confirm Prudential's commitment to <br /> expend up to $250,000, which will benefit the Sports <br /> Park and North Pleasanton parks and recreation <br /> facilities; and <br /> <br /> WHEREAS, the draft letter also confirms the understanding that <br /> Prudential will draw upon the $250,000 commitment to <br /> fund a preliminary traffic study which shall not exceed <br /> $5,000 in cost (see attached draft letter agreement); <br /> <br /> NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON <br /> RESOLVES AS FOLLOWS: <br /> <br /> Section 1: Approves the letter agreement with Prudential to <br /> expend up to $250,000 which will benefit the Sports Park <br /> and North Pleasanton parks and recreation facilities. <br /> <br /> Section 2: All such expenditures made by Prudential will require <br /> the mutual written approval by Brian Swift or nominee <br /> for the City of Pleasanton, and Earle Conklin or nominee <br /> for Prudential/Callahan Pentz Properties. <br /> <br /> Section 3: This resolution shall become effective immediately <br /> upon its passage and adoption. <br /> <br /> THIS RESOLUTION ADOPTED AUGUST 5, 1986 BY THE FOLLOWING VOTE: <br /> <br /> AYES: Councilmembers - Mercer, Mohr, and Mayor Brandes <br /> NOES: None <br /> ABSENT: Councilmembers Butler and W0o~~~~RK~DE~ <br /> ABSTAIN: None · <br /> <br /> ATTEST: <br /> FRA~K"~. R <br />~~f ~alker,'d~ Clerk ~ <br />By Doris George, Deputy City Clerk <br /> <br /> Dehnis C. B~0d~h~r,/~sistant City Attorney <br /> <br /> <br />