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Exhibit A <br /> Recorded at the Request of <br /> and when recorded, return to: <br /> City of Pleasanton <br /> P.O. Box 520 <br /> Pleasanton, CA 94566 <br /> Exempt per Gov. Code§27383 <br /> AFFORDABLE HOUSING AGREEMENT <br /> This AGREEMENT is made this day of , 2013, by the CITY OF <br /> PLEASANTON, a Municipal Corporation ("City"), and PLEASANT PARTNERS, LLC a <br /> Delaware limited liability company ("Developer"). <br /> Recitals <br /> A. Developer currently owns an 8.4 acre site at 4452 Rosewood Drive, Pleasanton. <br /> California. more particularly described in Attachment 1 attached hereto and incorporated <br /> herein by reference (the "Property"). <br /> B. For the Property, Developer has obtained all necessary entitlements to develop a mixed <br /> use and residential housing project consisting of 305 apartment units, 6.830 square feet of <br /> leasing and recreational facilities, and approximately 7,520 square feet of <br /> commercial/retail development(collectively the "Project"). <br /> C. Developer and the City wish to make a certain number of the apartment units within the <br /> Project available to households with incomes between one hundred percent (100%) <br /> (median income) and fifty percent (50%) (very-low income) of the Area Median Income. <br /> D. Area Median Income (AM I) shall mean the area median income for the San Francisco- <br /> Oakland-Fremont Metropolitan Statistical Area adjusted for household size in accordance <br /> with adjustment factors adopted and amended from time to time by the United States <br /> Department of Housing and Urban Development (HUD) pursuant to Section 8 of the <br /> United States Housing Act of 1937 or any successor statute. <br /> E. Execution of this Agreement meets the requirements of the City's Inclusionary Zoning <br /> Ordinance and shall be in lieu of paying the City's Lower Income Housing Fee for this <br /> Project. <br /> NOW, THEREFORE, in consideration of the mutual covenants, agreements and <br /> conditions contained herein, City and Developer agree as follows: <br /> I. Of the 305 apartment units, 46 shall be "Affordable" units. Developer shall make eight <br /> (8) Affordable units available for rent to households at or below 50%of the Area Median <br />