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EXHIBIT A <br />GROWTH MANAGEMENT AGREEMENT <br />THIS GROWTH MANAGEMENT AGREEMENT is made and entered into on the <br />day of , 2016, between Ponderosa Homes II, Inc., a California <br />Corporation ("Developer "), and the City of Pleasanton, a municipal corporation ( "City'). <br />RECITALS <br />A. Developer owns a legal or equitable interest in real property commonly known <br />as 1851 Rose Avenue (the "Subject Property ") in the City of Pleasanton. <br />B. The City has granted to Developer development plan approval (PUD -99) to <br />build nineteen (19) new detached single family homes on the Subject Property (the <br />"Project "). <br />C. Section 17.36.060 of the Pleasanton Municipal Code (Growth Management <br />Program) establishes annual new residential limits. For 2016, there are 235 growth <br />management unit allocations. The City has reviewed the growth management unit <br />allocations established for 2016 and determined that the growth management unit <br />allocation capacity is available for the Project. <br />D. City may enter into growth management agreements with project developers <br />under the City's Growth Management Program. <br />E. City and Developer wish to enter into a growth management agreement in <br />order to achieve the benefits of the Project to the City and its residents and in accordance <br />with the purposes of the City's Growth Management Program. <br />NOW, THEREFORE, in consideration of the mutual promises expressed herein, City <br />and Developer agree as follows: <br />I. GROWTH MANAGEMENT APPROVAL <br />A. City grants growth management approval to the Project for nineteen (19) units <br />in 2016. Developer may be issued building permit(s) in the year(s) following <br />2016 until Developer has received building permits for all units. <br />B. The growth management approval and assigned units (the "GMA units ") <br />described in Subsection A, above, shall be suspended during any period that <br />the City Council has declared a Stage 4 reduction in water usage pursuant to <br />Pleasanton Municipal Code Chapter 9.30 Water Conservation Plan. New <br />building permits shall not be issued for GMA units during such suspension. If <br />such a suspension is discontinued when the City is no longer in a Stage 4 <br />reduction in water usage, Developer shall have the right to utilize the GMA units <br />