ALES REIMBURSEMENT FOR SEWER IMPROVEMENTS 1999

. ~ • • Recording requested by and after recording return to: Joseph and Beverly Ales 495 Linden Way Pleasanton, CA 94566 REIMBURSEMENT AGREEMENT FOR SEWER IMPROVEMENTS THIS AGREEMENT ("Agreement") is entered into this~~ day of)%e. , 1999, by and between the CITY OF PLEASANTON, a municipal corporation ("City") and Joseph and Beverly Ales. ("Owners"). RECITALS A. Owners are the owner of certain real property located in the City of Pleasanton, County of Alameda, State of California, commonly known as 495 Linden Way ("Property"). B. Owners received approval and have constructed a 6" inch sanitary sewer line from Vineyard Avenue along Linden Way, a distance of 182.401inear feet ("Improvement"), as described more particularly in the attached Exhibit "1 ", incorporated herein by this reference. C. The Improvement contains supplemental size and capacity in order to benefit the Owners and other anticipated development on nearby property. D. Owners are entitled to reimbursement for that portion of the costs of the Improvement, on a pro rata basis, from any property which utilizes the Improvement. NOW, THEREFORE, in exchange for mutual consideration, the receipt and value of which is hereby acknowledged, the parties agree as follows: Section 1. Improvement and Benefited Property. The Improvement benefits another property in addition to the Property ("Benefited Property"). The Benefited Property is commonly known as 3581 Vineyard Avenue, Pleasanton, and is more particularly described in the attached Exhibit "A". Owners are entitled to recover the Reimbursable Cost of the Improvement from the property owner of the Benefited Property. Section 2. Reimbursable Cost. The City has reviewed the costs incurred by Owners for the construction of the Improvement, which total $13,860 dollars. The Reimbursable Cost shall be $4,620 dollars.