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Earle M. Conklin <br /> <br />' The Prudential <br /> ~ The Prudential Development Group <br /> ,1309 Hacienda Drive Suite 500 <br /> Pleasanton. CA 94566 <br /> June 26, 1986 TeJephone: 4~,5 4.63-9100 <br /> <br /> Mr. Brian Swift <br /> Director of Planning <br /> City of Pleasanton <br /> P.O Box 520 <br /> Pleasanton, CA 94566 <br /> <br /> RE: Parcel Map 3937/Lots 24 & 27 <br /> Condition of Approval #12 <br /> <br /> Dear Mr Swift: <br /> <br /> Pursuant to Paragraph 3 of Christopher Owens' June 25th <br /> letter.to you, this is to confirm Prudential's commitment. to <br /> expend up to $250,000. This commitment will fund approved <br /> public projects which will benefit the Sports Park and North <br /> Pleasanton Parks and Recreation Facilities. All such <br /> expenditures will require the mutual written approval by <br /> Brian Swift or nominee for the City of Pleasanton, and Earle <br /> Conklin or nominee for Prudential/Callahan Pentz Properties. <br /> <br /> This letter will also confirm the understanding reached at a <br /> meeting in City offices between yourself, Bob Okamura, <br /> Christopher Owens and myself on June 20, 1986. We agreed <br /> that Prudential will draw upon the $250,000 commitment to <br /> fund a preliminary traffic study. The preliminary traffic <br /> study shall identify, in concept, alternative mitigation <br /> measures which might alleviate congestion on Sports Park <br /> Drive and Park Side Drive. This study shall not exceed <br /> $5,000 in cost. <br /> <br /> Please indicate your acceptance of this agreement and return <br /> one signed copy of this letter to me. Your cooperation in <br /> this matter is much appreciated. <br /> <br /> Sincerely, <br /> <br /> Earle M. Conklin <br /> General Manager, R.E.D. <br /> <br /> EMC:ceh <br /> <br /> AGREED: <br /> <br /> By Date <br /> James R. Walker <br /> City Manager <br /> <br /> <br />