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D. Developer wishes to extend the length of time its development approvals for PUD Development Plan (PUD-58) and Vesting Tentative Tract Map (PTR-7813) (hereinafter referred to as the"Project or Project Approvals") are valid. E. A condition of approval of PUD-58 requires Developer to offer a 35' strip of land along the southern property line to the Jorgensen Lane homeowners, as more particularly shown as Parcels A, B, C and Don the Site Plan Vesting Tentative Tract Map 7813, Sheet 1 of 6, dated April 2007. F. Proximate and prior to the issuance of the first building permit for construction on any of the eight lots to be developed on Developer's property, Developer shall create four separate parcels by way of a lot line adjustment. The parcels, each 35' deep, shall be as more particularly shown as Parcels A, B, C and D on the Site Plan Vesting Tentative Tract Map 7813, Sheet 1 of 6, dated April 2007. The Developer shall deed the parcels to the four adjacent property owners to the south of the Project, as more particularly provided herein, and consistent with the conditions of approval adopted as part of PUD-58. G. City wishes to coordinate Developer's grant of open space to the City with the recent purchase of an adjoining parcel of 231.57 acres by the East Bay Regional Park District (hereinafter "EBRPD") in order that the public may utilize the City open space to access the EBRPD new park land. And, the parties agree that City is in a better position to determine the timing and necessary improvements for such public access while the 22 acres of open space dedicated to City by Developer are within City's control. H. General Plan Amendment (PGPA-11) was approved by the City Council on October 17, 2006, to change the land use designation for the approximately 22 acres of land to be granted to the City from Rural Density Residential to Open Space/Agriculture and Grazing. The City encourages the implementation of General Plan goals and policies, including Policy 7 within the Open Space and Conservation Element to preserve and expand open-space opportunities, including open-space access to the public. The City supports the expansion of the EBRPD's Pleasanton Ridge in areas designated as Open Space. I. A Mitigated Negative Declaration regarding this project was approved by the City Council on October 17, 2006. Environmental review for the custom lots is anticipated to be accomplished on a lot by lot basis. Environmental review relating to public access to the EBRPD parcel is to be addressed by EBRPD. J. Following review and recommendation by the City Planning Commission and after a duly noticed public hearing, the City Council, by Ordinance , determined that this Agreement was consistent with the City's General Plan and approved this Agreement. The prior approvals described in these Recitals are collectively referred to herein as the "Project" or the "Project Approvals" and apply only to the property at 3459 Old Foothill Road. In exchange for the benefits to City described in these recitals, including but not limited to assurance that a residential project consistent with the PUD Development Plan approval referred to above, public access easement, dedication of open space to the City, and Design Guidelines ® can proceed together with the other public benefits that will result from the development of the