RES 85544 - Laserfiche WebLink

would be beneficial to the City in Planning and completing a usable, safe street improvement. II. DESCRIPTION OF WORK Property Owner shall plan, construct, finance, or participate in the planning and construction of street improvements along the Railroad Avenue frontage of the site. Street improvements to be constructed shall be those required by the Subdivision Ordinance of the City of Pleasanton for development of streets along the frontage of like property being subdivided. These improvements may include, but are not necessarily limited to, grading, curb and gutter, sidewalk, paving, street lighting, street trees, street monuments, underground utilities, storm drain facilities, sanitary sewer facilities, tree removal, and traffic control devices. Property Owner shall submit improvement plans for the aforesaid work to the City of Pleasanton for approval and shall enter into an improvement agreement for the work itself at the time of construction. III. TIME OF COMMENCEMENT The work to be performed under this agreement shall be commenced at such time in the future as is deemed necessary by the City Engineer. Upon notification that the work is necessary, Property Owner shall commence construction within a reasonable time thereafter and shall diligently pursue the work to completion. IV. MASTER CONTRACT City reserves the right to have all or a portion of the work specified herein done as part of a larger project by means of a master contract. In the event work is done pursuant to such a master contract, Property Owner hereby agrees to pay his share of the cost of the master contract, to be determined on a pro rata basis, within thirty (30) days of notification by the City Engineer of the completion of the work and the calculation of the amount of the pro rata share of the costs involved. V. DEFAULT: LIEN AGAINST PROPERTY In addition to the other remedies allowed by law, the performance of the obligation of Property Owner contained herein are secured by the property described in Exhibit "A". In the event Property Owner should default on any obligation contained herein, City may exercise a power of sale of the site, pursuant to the provisions of the then existing State law, in order to satisfy the obligation contained herein. The election to cause the property to be sold may be rescinded by Property Owner if, after the filing of the notice of default and before the sale, Property Owner performs the obligations described herein as well as reimburses City for all costs, fees, and expenses of bringing this action. - 2 -