FIRST PLEASANTON INVESTORS - REIMBURSEMENT AGMT

t REIMBURSEMENT AGREEMENT THI5 AGREEMENT entered at Pleasanton, California, this ...._._r..~ ~ , 1975, by .and between the C2TY O' PLEASANTON, a general law city,' located in Alameda County, California,. (hereafter. called "City'.} and FIRST PLEASANTON INVESTORS 1122 ..B.' Street Hayward, California '94543 is subject to 'the following terms .and conditions: W I T N E S S E T H c WHEREAS, Developer has been :the. owner of real graperty in the City of Pleasanton, County of `Alameda, .State of .California, described as follows: Parcel 1 of Parcel Map 1.353 recorded February 11, 1974.:,..in Map Book 83, Page 19`, Alameda County Records, said property being commonly known as 3622 Santa Rita .Road, Pleasanton, California, and designated as Parcel 16-1, <Alameda County Asse sor's Map .Book 946, .Block 1100, containing :3.339 acres. -AND WHEREAS, beveloper has =caused to be constructed a water main extension in Santa Rita Road to the benefit of said real pro- . - perty and. adjoining. property; and WHEREAS,-pursuant to said Ordinance Code, Developer is enti led to reimbursement for costs of said water main extensions and perimete r_ .mains , and ,WHEREAS, Developer has caused or will cause to be .constructed according to City standards and specifications those `facilities delineated on EXHIBIT "A",attached hereto, and ~r7HEREAS,' City has inspected and accepted or will inspect and. __ __ accept said facilities together with necessary easements or rights- of-way, and WHEREAS, pursuant to an annexation agreement dated January 20, 1964, the period of time for reimbursement for off-:tract improvements sha11 be extended- to fifteen (15} years and a current interest factor shall be applied to .the amount to be subject to reimbursement.