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Section 4.03. Protection of Vested Rights. City shall take any and all actions as may <br /> be necessary or appropriate to ensure that the vested rights provided by this <br /> Agreement can be enjoyed by SPA and the Developers and to prevent any City <br /> Law, as defined below, from invalidating or prevailing over all or any part of this <br /> Agreement. City shall cooperate with SPA and the Developers and shall <br /> undertake such actions as may be necessary to ensure this Agreement remains in <br /> full force and effect. <br /> Section 4.04. Availability of Water Services. The parties recognize that the City <br /> receives the majority of its potable water supply from the Alameda County Flood <br /> Control and Water Conservation District, Zone 7 ("Zone 7") and that Zone 7 <br /> receives the majority of its water supply from the State Water Project; in the last <br /> few years, for a variety of reasons, the amount of water that Zone 7 has received <br /> from the State Water Project has been reduced. Should that trend continue, it is <br /> possible, but unlikely given the very small amount of water (350 AFA)that the <br /> Staples Ranch Project needs, that due to water being unavailable from Zone 7, <br /> City would be unable to issue building permits anywhere in the City until water <br /> whether from Zone 7 or otherwise became available to the City. Nevertheless, to <br /> the maximum extent permitted by law and consistent with its authority, City shall <br /> reserve such capacity for water service as may be necessary to serve the Staples <br /> Ranch Project. To the extent this capacity is available, this capacity shall be <br /> assured for the Term of this Agreement at a cost to be applied uniformly without <br /> discrimination as to user or use. <br /> Section 4.05. Developers' Right to Rebuild. Developers may renovate or rebuild a <br /> portion or all of the Staples Ranch Project within the Term of this Agreement if <br /> necessary due to natural disaster or changes in seismic requirements, or if a <br /> Developer determines in its sole discretion that a building or buildings located <br /> within the Staples Ranch Project have become functionally outdated due to <br /> changes in technology. Any such renovation or rebuilding shall be governed by <br /> the rights vested by this Agreement, and shall comply with the Project Approvals <br /> and any Subsequent Approvals, as well as with the building codes existing at the <br /> time of such rebuilding or reconstruction, and with the requirements of CEQA. <br /> Section 4.06. Issuance of Residential Building Permits. The number of residential <br /> building permits available to be issued for the Continuing Care Site shall be as <br /> set forth in the Growth Management Agreement between City and Continuing <br /> Life Communities Pleasanton LLC, dated , 2010 (the "Growth Management <br /> Agreement"), incorporated herein by this reference. <br /> Section 4.07. City's Waiver of In Lieu Park Dedication Fees. City waives the in lieu <br /> park dedication fee obligations of SPA and the Developers pursuant to <br /> Chapter 19.44 of City's Municipal Code in recognition of SPA's dedication of <br /> the Community Park Site, which constitutes full and complete satisfaction of all <br /> in lieu park dedication fees that would otherwise apply. <br /> II <br />