ORD 2124 - Laserfiche WebLink

Hundred Thirty-Five Thousand Dollars ($1,235,000), which shall be payable prior to issuance of certificates of occupancy. Developer may elect to phase construction of the project such that multiple Certificates of Occupancy will be issued. If multiple Certificates of Occupancy are issued the onetime fee of$1,235,000 will be prorated based upon the number of residential units included in each Certificate of Occupancy when issued." Section 3. The provisions of Article III (Developer Obligations), Section 3.06 (Park Fees) are hereby amended to read as follows: "Consistent with, and in satisfaction of Developer's Quimby Act (Gov't code section 66477) and City Park Fee Ordinance (Chapter 19.44 of the Pleasanton Municipal Code), Developer will pay City park fees in the amount of Seven Thousand Nine Hundred Sixty Nine Dollars ($7,969) per residential unit. Developer acknowledges that the inhabitants of the Project will benefit whether the City elects to apply these funds to the acquisition of parkland or to park and recreational improvements to the development of the Bernal Community Park or any other park requirement designated by the City." Section 4. The provisions of Article V (Miscellaneous), Section 5.12 (Exhibits) are hereby amended to read as follows: "Exhibits. The following exhibits are attached to this Agreement and incorporated herein for all purposes: DA EXHIBIT A-1 Legal Description of the Project Site DA EXHIBIT A-2 Diagram of the Project DA EXHIBIT B List of City Development Impact Fees DA EXHIBIT C .Locations of Affordable Units Section 5. The provisions of Article V (Miscellaneous) are hereby amended by the addition of new Section 5.18 (Incorporation of Recitals) to read as follows: "The Recitals set forth in the Agreement, and as amended by this First Amendment, are hereby incorporated into the Agreement." IN WITNESS WHEREOF, this First Amendment to Development Agreement has been entered into by and between Developer and City as of the day and year first above written.