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IV. SUCCESSORS IN INTEREST <br /> This Agreement shall run with the land and be binding upon Developer and its heirs, <br /> assigns, and successors in interest that have an interest in the subject Property, except for the <br /> purchasers of completed homes constructed in compliance with this Agreement. <br /> THIS AGREEMENT is entered into as of the day and year first above written. <br /> DEVELOPER: PONDEROSA HOMES <br /> CITY: CITY OF PLEASANTON, <br /> a Municipal Corporation <br /> By: <br /> Nelson Fialho, City Manager <br /> ATTEST: <br /> Karen Diaz, City Clerk <br /> APPROVED AS TO FORM: <br /> Michael H. Roush, City Attomey <br /> (aj: mydocs\agmts \09 \ponderosa grwthmgt) <br /> 3 <br />