JENSEN - AGMT TO PAY PRO RATE SHARE OF INFRASTRUCTURE/DEVELOPMENT COSTS

Recorded at the request of: City of Pleasanton When recorded, return to: City of Pleasanton P.O. Box 520 Pleasanton, CA 94566 AGREEMENT TO PAY PRO RATA SHARE OF INFRASTRUCTURE AND STANDARD DEVELOPMENT COSTS THIS AGREEMENT TO PAY PRO RATA SHARE OF~FRASTRUCTURE AND STANDARD DEVELOPMENT COSTS is made this ~ ay of Apri12003 between Steven H. Jensen and Bobby J. Jensen, as Co-Trustees of the Jensen 1988 Living Trust, John R. Jordan and Denva L. Jordan, Trustees of the John R. Jordan and Denva L. Jordan Trust Agreement, dated 11/17/89, Roger J. Manning and Jane B. Manning, Trustees of the Roger and Jane Manning Living Trust, dated June 3, 1998, and Manny Del Arroz and Juanita Del Arroz (Property Owners) and the City of Pleasanton (City). RECITALS A. Property Owners own Lots 1 through 34, inclusive, Tract 7372, filed _, 2003, in Map Book ,Pages ,Alameda County Records. B. On September 17, 2002, Property Owners and City entered into a Memorandum of Understanding (Pleasanton Golf Course) [hereafter MOU] in which City agreed to purchase certain property from Property Owners (for a golf course and open space) and City approved for the Property Owners a residential project of 371ots, 34 new lots and three lots for existing and replacement homes. C. The MOU also identifies certain infrastructure that the City intends to construct, infrastructure that would benefit City property and the Property Owners' property. D. In the MOU, the Property Owners agree that they would pay their pro rata share of the infrastructure (design and construction) costs allocable to their property. E. The MOU also provides when the Property Owners are to pay their pro rata share of the infrastructure. F. The MOU also requires the Property Owners to pay at their sole expense all standard development fees associated with the new 34 residential lots. G. The parties now wish to memorialize those agreements in a recordable document.