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FIRST AMENDMENT TO DEVELOPMENT AGREEMENT This First Amendment to Development Agreement is entered into this 15th day of October 2009 by the City of Pleasanton "City and Kenneth R. Chrisman and Pamela L. Chrisman "the Chrismans Whereas, the City and the Chrismans entered into a Development Agreement effective September 23, 2002 with an expiration date of September 23, 2012; and Whereas, the economic climate is very challenging and the Chrismans have requested a 5 -year extension of the Development Agreement; and Whereas, the Vineyard Avenue Corridor Specific Plan states that any property owner who has not filed a final subdivision map within 15 years from the date of the Specific Plan's adoption by the City Council will not be obligated to pay the Specific Plan Preparation Fee. (See Vineyard Avenue Corridor Specific Plan, page 109, Section VIII(B)(6) Specific Plan Preparation Fee.); and Whereas, the Chrismans have offered to pay the Specific Plan Preparation Fee to the City at the time their final map is submitted for approval notwithstanding the provisions of the Specific Plan; and Whereas, an ordinance was adopted by the City Council at a regular meeting on September 15, 2009, and became effective October 15, 2009, thereby approving the First Amendment to the Development Agreement and extending the term by 5 years or to September 23, 2017. Now, therefore, the parties agree as follows: 1. Section II of the Development Agreement is amended to extend the term until September 23, 2017. 2. The Chrismans shall pay the Specific Plan Preparation Fee to the City at the time their final map is submitted for approval. 3. This First Amendment to Development Agreement shall be recorded with the County of Alameda Recorder's Office. 4. All other terms and conditions of the Development Agreement shall remain in full force and effect. 1