RES 15794 - Laserfiche WebLink

J EXHIBIT A GROWTH MANAGEMENT AGREEMENT THIS GROWTH MANAGEMENT AGREEMENT is made and entered into on the day of , 2015, between Ponderosa Homes II, LLC, a California Limited Liability Company ("Developer"), and the CITY OF PLEASANTON, a municipal corporation ("City"). RECITALS A Developer owns a legal or equitable interest in real property commonly known as 3410 -3450 Cornerstone Court (the "Subject Property") in the City of Pleasanton. B. The City has granted to Developer development plan approval (PUD-111) to build 25 new single detached family homes on the Subject Property (the "Project'). C. Section 17.36.060. of the Pleasanton Municipal Code (Growth Management Program) establishes annual new residential limits. For 2015, there are 235 growth management unit allocations. The City has reviewed the growth management unit allocations established for 2015 and determined that the growth management unit allocation capacity is available for the Project. D. City may enter into growth management agreements with project developers under the City's Growth Management Program. E. City and Developer wish to enter into a growth management agreement in order to achieve the benefits of the Project to the City and its residents and in accordance with the purposes of the City's Growth Management Program. NOW,THEREFORE, in consideration of the mutual promises expressed herein, City and Developer agree as follows: I. GROWTH MANAGEMENT APPROVAL City grants growth management approval to the Project for 25 units in 2015. Developer may be issued building permit(s) in the year(s)following 2015 until Developer has received building permits for all 25 units. II. PROJECT CONDITION Nothing in this Agreement shall reduce any obligation of Developer required as a condition of any other approvals granted by the City for the Project. 1