RES 15812 - Laserfiche WebLink

EXHIBIT A GROWTH MANAGEMENT AGREEMENT THIS GROWTH MANAGEMENT AGREEMENT is made and entered into on the day of , 2015, between GHC Lund Ranch, LLC ("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 1500 Lund Ranch Road at the end of Lund Ranch Road (the "Subject Property") in the City of Pleasanton. B. The City has granted to Developer development plan approval (PUD- 25) to build 48 new single-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. The City has reviewed the growth management unit allocations established for 2016 and 2017 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 24 units in 2016 and 24 additional units in 2017. Developer may be issued up to 24 building permit(s) in 2016 and additional building permits the year(s) following 2016 until Developer has received building permits for all 48 units. IL 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