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Exhibit C <br /> RECORDING REQUESTED BY AND <br /> WHEN RECORDED MAIL TO: <br /> City of Pleasanton <br /> City Clerk's Office <br /> 123 Main Street <br /> P.O. Box 520 <br /> Pleasanton,CA 94566 <br /> Recording Fees Exempt Pursuant to Government Code <br /> §27383 <br /> SPACE ABOVE THIS LINE FOR RECORDER'S USE <br /> THIS DEVELOPMENT AGREEMENT ("Agreement") is made and entered into in the <br /> City of Pleasanton on this day of , 2014, by and between the City of Pleasanton, <br /> a municipal corporation (the "City"), and SHAC Las Positas Apartments, LLC, a California <br /> limited liability LLC, (the "Developer"), pursuant to the authority of California Government <br /> Code sections 65864 et seq. <br /> RECITALS <br /> A. To strengthen the public planning process, encourage private participation in <br /> comprehensive planning and reduce the economic risk of development, the Legislature of the <br /> State of California enacted California Government Code sections 65864 et seq. (the <br /> "Development Agreement Statute"), which authorizes City to enter into an agreement with any <br /> person having a legal or equitable interest in real property regarding the development of such <br /> property. <br /> B. Developer has a legal interest in certain real property located in the City of <br /> Pleasanton, County of Alameda, California consisting of approximately 5.9 acres located at 5850 <br /> W. Las Positas Boulevard, as more particularly described in DA Exhibit A-1 attached hereto, <br /> and as shown on the site plan attached hereto as DA Exhibit A-2. Developer contemplates <br /> developing a residential development project on such real property commonly referred to as <br /> "5850 West Las Positas" in Pleasanton, California. <br /> C. In October 2010, the City Council confirmed an 11-member Housing Element <br /> Task Force (Task Force) with the mission to oversee the update of the City's Housing Element. <br /> After nine Task Force meetings, four community workshops, input from housing experts, and <br /> extensive community input, the Task Force recommended a draft list of sites for rezoning to <br /> residential uses. On recommendation of the Planning Commission, the City Council, at a duly <br /> noticed public hearing held on January 4, 2012, rezoned the real property referred to in Recital B <br /> above to Planned Unit Development-High Density Residential (PUD-HDR), with the high <br /> density portion of such real property to be developed at a minimum density of 30 units per acre. <br /> Such rezoning of the real property referred to in Recital B was approved by Ordinance No. 2030 <br /> to allow high-density and medium density residential use on the site consistent with the Task <br /> -4- <br />