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ORDINANCE NO. 2076 7 AN ORDINANCE OF THE CITY OF PLEASANTON APPROVING A DEVELOPMENT AGREEMENT BETWEEN THE CITY OF PLEASANTON AND RING FINANCIAL, INC. WHEREAS, Government Code, Sections 65865 through 65869.5, authorize a city to enter into binding development agreements with persons having lega interests in real property for the development of such property; and WHEREAS, Ring Financial, Inc. has applied to the City for a development agreement concerning its PUD development plan application for a high-density residential/commercial development filed under Case No. PUD-87 ("the Project"); and WHEREAS, after public notice, on July 10, 2013, the Planning Commission held a hearing and recommended approval of the Development Agreement; and WHEREAS, at its meeting of August 6, 2013, the City Council reviewed the staff report from the Director of Community Development together with a copy of the staff report to the Planning Commission on this matter; and WHEREAS, on August 6, 2013, a duly-noticed public hearing was held by the City Council, at which time the applicant and members of the public were offered an opportunity to present evidence regarding the development agreement; and WHEREAS, the development agreement is for the Project, for which the City Council determined that the conditions described in California Environmental Quality Act (CEQA) Guidelines Section 15162 have not occurred and found that the previously prepared Supplemental Environmental Impact Report (SEIR), includ ng the adopted CEQA Findings and Statement of Overriding Considerations in City Council Resolution 12-492, and the Addendum to the SEIR for the project are adequate to serve as the environmental documentation for this project and satisfy all the requirements of CEQA; and WHEREAS, the City Council finds that the proposed development agreement is consistent with the City's General Plan; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES HEREBY ORDAIN AS FOLLOWS: SECTION 1. The City Council approves the Development Agreement between the City of Pleasanton and Ring Financial, Inc., a copy of which is attached hereto as Exhibit B and incorporated herein by this reference, and authorizes the City Manager to sign the Development Agreement. SECTION 2. A summary of this ordinance shall be published once within fifteen days after its adoption in the "Valley Times", a newspaper of general circulation published in the City of Pleasanton, and the complete ordinance shall be posted for fifteen days in the City Clerk's office within fifteen days of its adoption.