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DRAFT <br /> <br />DEVELOPMENT AGREEMENT <br /> <br />Revision #1 <br /> <br />THIS DEVELOPMENT AGREEMENT is made and entered into by and between the <br />CITY OF PLEASANTON, a municipal corporation organized and existing under the <br />laws of the State of California (the "Ci~"'), and FRANK and BARBARA BERLOGAR <br />(the "Property Owner"). <br /> <br /> RECITALS <br /> <br />In part in order to encourage private participation in comprehensive planning and <br />reduce the economic costs and risks of development, the Legislature of the State <br />of California enacted Section 65864 et seq. of the Government Code which <br />authorizes the City and a property owner/developer to enter into a development <br />agreement, establishing certain development rights in the property which is the <br />subject of a present or future development application. <br /> <br />Property Owner owns approximately 50.1 acres of real property, the legal <br />description and map of which are set forth in Exhibit A (the "Property"), attached <br />hereto and incorporated herein by this reference. <br /> <br />Revision #1. Draft Berlogar Development Agreement Page I of 13 <br /> <br /> <br />