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Revision #1 <br /> DRAFT <br /> DEVELOPMENT AGREEMENT <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 "City and KENNETH R. and PAMELA L. <br /> CHRISMAN (the "Property Owner <br /> RECITALS <br /> A. 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 propene which is the <br /> subject of a present or future development application. <br /> B. Property Owner owns approximately 20 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 /> Revision #1. Draft Chrisman Development Agreement Page 1 of 13 <br />