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r <br />DRAFT <br />City of San 'Leandro <br />San Leandro, California <br />Gentlemen: <br />During the course of negotiations between Caterpillar Tractor <br />Co, and the City of San Leandro which resulted in a cost -sharing <br />agreement for improvements to portions of Martinez and Antonio <br />Streets, certain understandings were reached which, primarily <br />because they related to actions that might or will occur at some <br />future time, were not proper for inclusion in the cost -sharing <br />agreement. We believe, however, these understandings should be <br />stated in writing. They are: <br />1. Vacation of a portion of Alvarado Street. If Caterpillar <br />Tractor Co. acquires the property abutting the west side of <br />Alvarado Street between Davis and Antonio Streets it does not <br />Yf'td,tS;Utci:s.trzy -, <br />presently own, the City will 4vacate that portion of Alvarado <br />Street between Davis and Antonio Streets it has not previously <br />vacated, without charge to Caterpillar Tractor Co. <br />2. Sanitary sewer in Alvarado Street. Instead of reconstruct- <br />ing the existing sanitary sewer in Alvarado Street between Davis <br />and Antonio Streets, the City will construct, within a reasonable <br />period of time, a replacement sanitary sewer in a different <br />location, mutually satisfactory to Caterpillar Tractor Co. and <br />the City. Caterpillar Tractor Co. will pay to the City an amount <br />representing the difference between (a) the cost of constructing <br />the relocated replacement sanitary sewer, and (b) the estimated <br />cost of rebuilding the sanitary sewer in its present location. <br />The estimated cost referred to in (b) shall be determined at the <br />