UNDERGROUND UTILITIES DISTRICT - Laserfiche WebLink

REIMBURSEMENT AGREEMENT FOR CONSTRUCTION OF INFRASTRUCTURE RELATED TO THE CONVERSION OF OVERHEAD UTILITIES TO UNDERGROUND AS PART OF THE "UNDERGROUND UTILITY DISTRICT 02-01" THIS AGREEMENT is entered into at Pleasanton, California, this~~~tlG/-cam day of~/i u~(~2004, between the City of Pleasanton, a general law city, ("City") and the Property Owner ("Owner"), concerning the property located at yzZ3 ~lev `/Z ?, F ,es~ S'- ("the Property»). Recitals A. The City adopted by resolution (no. 02-138) the formation of Underground Utility District No. 02-01 ("the District"), which provides for the undergrounding of overhead utilities within the District. B. Although the City has approved the use of "Rule 20A" monies to fund eligible portions of work on private property, there will still be a need by property owners to pay for certain construction costs to convert the overhead utilities to underground. C. It is the Owner's financial obligation to have the conversion of overhead utilities within his/her property performed in conjunction with the conversion of the overhead lines to be performed by the utility companies. D. The City and Owner realize that there is a mutual benefit by entering into this agreement in that Owner may realize a potential cost savings due to the economy of scale of the work being performed by one contractor for 40 to 50 properties within the District; and the City will realize a benefit in that coordination efforts will be reduced to a single contractor versus multiple contractors for each property owner within the District. E. Heretofore, Owner has granted to City (and its contractor) access to the Property via aright-of-entry. NOW, THEREFORE, for the consideration expressed herein, it is agreed as follows: U:\A TO G\First Street Rule 20A\Draft Reimbursement Agreement with Roush and Phil's Comments.doc