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Exhibit A AFFORDABLE HOUSING AGREEMENT This AGREEMENT is made this day of 2016, by the CITY OF PLEASANTON, a Municipal Corporation ( "City "), and Ponderosa Homes II, Inc., a California Corporation ( "Developer "). Recitals A. Developer has an option to purchase land consisting of approximately 9.02 acres in Pleasanton, California, located generally at 1851 Rose Avenue (the "Property"). B. For the Property, Developer has obtained City approval (PUD -99) to develop the Property with nineteen (19) new single- family detached homes in two phases (the "Project "). C. The City's Inclusionary Zoning Ordinance (IZO) permits a developer, in lieu of constructing affordable housing units on a project site, to utilize Inclusionary Unit Credits (IUCs) subject to approval by the City. D. Developer was approved for 51 IUCs in September 2007 through an amendment to the original 2003 Affordable Housing Agreement for the Ironwood development, 33 IUCs being subsequently utilized to meet the affordable housing requirement for the Village at Ironwood project and ten (10) IUCs being utilized to meet the affordable housing requirement for the Meridian at Ironwood project. E. Due to the nature of the Property and Project, Developer has requested to utilize the remaining eight (8) IUCs to meet the City's affordable housing needs for the current Project. NOW, THEREFORE, in consideration of the mutual covenants, agreements and conditions contained herein, City and Developer agree as follows: 1. In accordance with Pleasanton Municipal Code Section 17.40.100, City approves the use of the remaining eight (8) Inclusionary Units Credits (IUCs) to meet the affordable housing requirement for the current project (PUD -99). 2. The use of the remaining eight (8) IUCs will result in a balance of zero IUCs for future use on other projects by the Developer. THIS AGREEMENT is executed the date and year first above written.