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' ~ ~ Attachment 3 REIMBURSEMENT AGREEMENT FOR CONSTRUCTION OF WATER TANK ACCESS ROAD AND RELATED UTILITIES ~'~ "Y_ ~ ~~~D ~., , This REIMBURSEMENT AGREEMENT FOR CONSTRUCTION OF WATER TANK ACCESS ROAD AND RELATED UTILITIES (the "Agreement") is entered into this y day ofMazch 2007, between the City of Pleasanton, a municipal corporation, (the "City") and Threehand LP, a limited partnership (`"Threehand"). RECITALS A. City adopted the Vineyard Corridor Specific Plan (the "Specific Plan") in June 1998 to guide future development within the Specific Plan's boundaries, and a key element ofthe Specific Plan is the Vineyard Hills Reservov, a 1.4 million gallon, partially buried, pre-stressed concrde reservoir (the "Water Tank"). B. The Water Tank will be located on the southerly portion of a 20-acre parcel owned by Threehand. This Water Tank site (and related easements) will be granted to the City pursuant to a Purchase and Sale Agreement between the City and Threehand, dated Januazy 25, 2005, as amended by the Fvst Amendment to Purchase and Sale Agreement approved by the City Council on September 19, 2006 (collectively the "Purchase and Sale Agreement"). C. Pursuant to the terms of the Pwchase and Sale Agreement, the road to access the Water Tank, estimated to be one thousand nine hundred (1900) feet long, will be wnstruded as an 18 foot wide paved roadway with shoulders, Versa-Lok masonry walls, joint trench utilities, storm drainage improvements, and water and sewer utility lines installed within such access road to serve Threehand's identified six (6) new residential lots, as well as to serve the existing residence, as provided in the Specific Plan, and to provide access for City personnel, contractors and agents to access the Water Tank for construction, regulaz maintenance and operations (as described more particularly in Section 1, below). D. After the City causes the Water Tank access road to be rough graded, as further provided in the Purchase and Sale Agreement, Threehand will arrange for a licensed grneral contractor ("the General Contractor") to construct the Improvements and related construction management, subject to the City reimbursing Threehand for certain costs associated therewith, as provided in this Agreement. NOW, THEREFORE, the parties agree as follows: 1. Improvements. Threehand shall cause to be constructed the Improvements based on final plans and specifications prepared by Aliquot Planners, Civil Engineers and Surveyors ("Aliquot") and approved by the City Engineer, in his reasonable discretion, Page 1 of 7