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RES 84303
City of Pleasanton
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RES 84303
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10/8/2012 1:07:10 PM
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1/25/2000 9:06:23 PM
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CITY CLERK
CITY CLERK - TYPE
RESOLUTIONS
DOCUMENT DATE
6/12/1984
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rights in and to the Original Capacity shall be hereafter reserved <br />by the City'and are not subject to forfeiture pursuant-to the <br />terms and conditions of the Settlement Agreement. <br /> <br /> (b) Notwithstanding the foregoing, in the event that <br /> <br />any third party should successfully challenge the determination <br />and agreement set forth in subparagraph (a) above, with the <br />result that any remaining balance of the Original Capacity reverts <br />to the City notwithstanding the provisions of this Agreement and <br />the actions of the parties, the City agrees to sell such sewer <br />capacity which so reverts to the City to Properties in consideration <br />of the payment by Properties of the then applicable sewer connection <br />fees. However, Properties shall be given credit for any local <br />Sewer Surcharge fees already paid pursuant to Section 2-15.13(c) <br />P.M. Co~or its predecessor section. In the event of any such <br />successful third-party challenge, the City shall have no obligation <br />or liability to Properties in respect thereof. beyond the agreements <br />set forth in this Paragraph 1. <br /> <br /> (c) In partial consideration of the agreements set <br /> <br />forth in this Paragraph 1 and elsewhere in this Agreement, Properties <br />agrees to pay to the City, concurrent with the final execution <br />and approval of this Agreement by the City, the sum of $32,718 as <br />prepayment in full, in respect of the 35,113 gallons ~er day <br />("GPD") of sewer discharge camacity remaining for completion of <br />the Center as discussed in Paragraph 3(a) beiow, of the Development <br />Agreement fees in accordance with the ~rovisions of paragraph 5 <br />of the Development Agreement dated July 20, 1981, between the City, <br />Properties, and Wells Fargo Bank, National Association, as Trustee <br />under its Trust No. 5-102511 for the benefit of Stoneridge Peripheral, <br /> <br />-3- <br /> <br /> <br />
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