SECURITY CAPITAL PACIFIC TRUST REIMBURSEMENT

REIMBURSEMENT AGREEMENT THIS REIMBURSEMENT AGREEMENT is entered as of thisJ~ day of January, 1998 by and between Security Capital Pacific Trust, a Maryland real estate investment trust ("SCPT") and the City of Pleasanton, a municipal corporation ("City"). RECITALS A. Developer owns certain real property (the "Property") located in City of Pleasanton more particularly described in Exhibit A, attached hereto and incorporated herein by this reference. B. City approved the application of SCPT for PUD plan approval of a 540 unit apartment complex as filed under Case PUD 81-30-71D ("PUD"), subject to certain Conditions of Approval as noted on Exhibit to Ordinance 1721. C. Conditions Nos. 17 and 18 of .the PUD approval require SCPT to (i) build a pedestrian bridge ("Bridge") across Tassajara Creek to connect the 6.6 acre park to the linear park and (ii) install a pathway ("Bridge Pathway") to the western side of the Tassajara Creek. In addition, plan check comments require Developer to build two paths ("Minor Pathways") from the Property to connect with the linear park. D. City and SCPT have determined that the City shall build the Bridge, the Minor Pathways and the Pathway, and that SCPT shall reimburse City for the actual cost paid by City for the Bridge, the Minor Pathways and Bridge Pathway subject to the terms and conditions contained in this Agreement. City shall bid the cost of the Bridge, Bridge Pathway, and Minor Pathways as part of the construction of the 6.6 acre neighborhood park ("Project"). NOW THEREFORE, in consideration of the mutual promises expressed herein, City and SCPT agree as follows: 1. Description of Bride and Pathway and Cost Estimates. The Bridge shall be a 100 foot by 8 foot galvanized steel bridge with concrete platform manufactured by Continental Bridge substantially as shown in Exhibit B, attached hereto. The cost of the Bridge structure shall be approximately Forty Thousand and No/100 Dollars ($40,000.00). The installation of the Bridge, engineering (including field survey, project coordination; design, staking and construction consultation), soils testing, and installation of abutments is estimated at approximately Sixty-Seven Thousand and No/100 Dollars ($67,000.00). The Pathway shall be approximately six (6) feet wide standard sidewalk and shall connect the Linear Park with the Bridge. The Minor Pathways shall be as shown on Exhibit C attached hereto and are estimated to cost approximately Two Thousand and No/100 Dollars ($2,000.00). The sidewalk shall be 132392.4 1