RES 78081 - Laserfiche WebLink

AGREEMENT OF P~%OCEDURES AND OBLIGATIONS P'UR ASSISTING IN THE ESTABLISHMENT OF A .MAJOR SHOPPING CENTER IN THE STONERIDGE AREA THROUGH FINANCING OF THE PUBLIC IMPROVEMENTS BY SPECIAL ASSESSMENT PROCEEDINGS I. DECLARATION OF PURPOSE AND PARTIES INVOLVED A. The purpose of this agreement is to give general assistance in the financing of the public improvements necessary for the development of a certain parcel of real property hereinafter referred to as "Shopping Center," in the City of Pleasanton, County of Alameda, State of California. The "Shopping Center" is as shown on the map attached to this agreement, labeled "Entire Parcel" and by reference incorporated herein. All references hereafter to "Shopping Center" will refer to said property, all of which is to be privately owned. The purpose of this agreement is for the mutual benefit and protection of all parties and shall be binding upon the successors in interest therein. B. The parties and property involved are: 1. City of Pleasanton, a municipal corporation organized laws of the State of California, hereinafter called "City." 2. Stoneridge Peripheral (a joint venture composed of Taubman Western Associates No, 2, a Michigan genera]. partnership, and The Stoneson Development Corporation of California, a California corpora- tion), Stoneridge Properties (a California limited partnership composed of Taubman Western Associates No. 2, a Michigan general partnership, and The Stoneson Development Corporation of Californfa, a California corpora- tion), which are hereinafter collectively referred to as "Developer," and The Stoneson Development Corporation of California, a California corporation, hereinafter referred to as "Stoneson." under the 3. Entire Of the Shopping Center attached map labeled, a portion of the-Stoneson parcel. Parcel is the area of private ownership consisting and the Stoneson parcel, as delineated on the "Entire Parcel." Peripheral Land as used herein is -1-