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REIMBURSEMENT AGREEMENT <br /> STONERIDGE EXTENSION STUDIES <br /> <br /> THIS AGREEMENT is made and entered into this day of <br />November, 1986, by and between BETTY J. DAWES (hereinafter <br />referred to as "Stoneridge Drive Extension Property Owner") and <br />the CITY OF PLEASANTON, a municipal corporation (hereinafter <br />referred to as "City"). <br /> <br /> RECITALS <br /> <br /> A. City contracted with TJKM to prepare a traffic study for <br />extension of Stoneridge Drive, improvements to E1 Charro Road, <br />and recommendations for the intersection of Stoneridge drive and <br />E1 Charro Road. <br /> <br />B. City contracted with Charles M. Salter Associates, Inc. <br />(hereinafter referred to as "Salter") to prepare a traffic noise <br />study for the proposed Stoneridge Drive Extension Corridor. <br /> <br /> C. Stoneridge Drive Extension Property Owner owns <br />undeveloped frontage along the proposed extension of Stoneridge <br />drive and desires to participate in funding traffic studies <br />related to traffic impacts on its property. <br /> <br /> D. The City entered into agreements with TJKM and Salter to <br />prepare a traffic study and traffic noise study. The total cost <br />of both studies is not to exceed Fifteen Thousand Five Hundred <br />and 00/100 Dollars ($15,500.00). <br /> <br /> E. The purpose of this Agreement is to set forth the <br />understanding of the parties relating to Stoneridge Drive <br />Extension Property Owner reimbursing the City for 3.80% of the <br />costs of the traffic study and traffic noise study. <br /> <br /> THE PARTIES HEREBY AGREE AS FOLLOWS: <br /> <br />1. Stoneridge Drive Extension Property Owner shall pay an <br />amount not to exceed Five Hundred Eighty-nine and 35/100 Dollars <br />($589.35) for its portion of the total costs incurred pursuant to <br />the agreements between City and TJKM and Salter, and as said <br />agreements have been and may be modified from time to time. <br />Stoneridge Drive Extension Property Owner shall pay City within <br />thirty (30) days of receipt of a written request from City for <br />reimbursement of costs the City has incurred pursuant to the <br />agreements entitled "Contract for Consultant Services, Stoneridge <br />Drive Extension Traffic Study" and "Contract For Consultant <br />Services, Stoneridge Drive Extension Traffic Noise Study." <br /> <br /> 2. If either party commences an action against the other to <br />enforce or interpret this Agreement, the prevailing party shall <br />be entitled to have and recover reasonable attorney's fees and <br />costs of suit from the party not prevailing. <br /> <br /> - 1 - <br /> <br /> <br />