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BACKGROUND On December 30, 1983, the City of Pleasanton executed the first Development Agreement with Callahan-Pentz Properties for the first phase of the Hacienda Business Park (referred to now as Hacienda Phase I), Attachment 3. On April 22, 1986, the City of Pleasanton executed the second Development Agreement with the Prudential Insurance Company of America on the second phase of the Hacienda Business Park (referred to now as Hacienda Phase II), Attachment 4. Hacienda Development Agreements The first Development Agreements for Phase I and Phase II were approved for a period of 25 years, which was the projected time to build out Hacienda. The City Council then approved two amendments to the Development Agreements for Phase I and Phase II that extended the expiration date of the Development Agreements to December 31, 2008. The City Council approved a third amendment to the Development Agreements that extended their expiration date to December 31, 2013. The third amendment only applied to the following sites: BRE Properties, Inc., Kaiser Permanente (former Oracle), Oracle, Pleasanton Paper/Unisource, Roche Molecular, SafeAmerica Credit Union, Walmart, WP Carey (Shaklee), and 1st United Services Credit Union as these were the only sites with approved projects that would benefit from the extension of the Development Agreements. The fourth and fifth amendments to the Development Agreements covered the two high density residential/multi-use developments on the BRE properties with a December 31, 2018, expiration date, for the BRE properties only. PROJECT DESCRIPTION The proposed amendment to the Hacienda Phase I and Phase II Development Agreements would grant a five-year extension to December 31, 2018 for eight sites in Hacienda Phase I and Phase II including: 1) Kaiser Permanente, 2) Oracle, 3) Pleasanton Paper/Unisource, 4) Roche Molecular, 5) SafeAmerica Credit Union, 6) Walmart, 7) WP Carey/Shaklee, and 8) 1st United Services Credit Union. 2