ALES REIMBURSEMENT FOR SEWER IMPROVEMENTS 2001

.. d by return to: Peter . an owena E. Ales 455 'den Way Ple anton, CA 94566 REIMBURSEMENT AGREEMENT FOR SEWER IMPROVEMENTS This Agreement ("Agreement") is entered into this ~ day of a d«i3C~~ 2001, by and between the CITY OF PLEASANTON, a municipal corporation ("City") and PETER M. AND ROWENA E. ALES ("Owners"). RF.C'TTAT.~ A. Owners are the owners of certain real property located in the City of Pleasanton, County of Alameda, State of California, commonly known as 455 Linden Way ("Property"). B. Owners have constructed a 6" inch sanitary sewer line along a portion of Linden Way and Vine Street, a distance of approximately two hundred and twenty five (225) linear 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 Properties. The Improvement to be constructed, financed, and installed by Owners benefits other properties in addition to the Property ("Benefited Properties"). The Benefited Properties are commonly known as APN 946-1708-1-1 and APN 946-1708-16-7, which are two lots located on the southeast corner of Linden Way and Vine Street in Pleasanton, and are more particularly described in the attached Exhibit "2". Owners are entitled to recover the Reimbursable Cost of the Improvement from the property owner(s) of the Benefited Properties.