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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 Valley Capital Realty ("Developer"), <br /> and the City of Pleasanton, a municipal corporation ("City"). <br /> RECITALS <br /> A Developer owns a legal or equitable interest in real property commonly <br /> known as 11249 Dublin Canyon Road (the "Subject Property") in the City of Pleasanton. <br /> B. The City has granted to Developer development plan approval (PUD-115) <br /> to build two new detached single family homes on the Subject Property (the "Project"). <br /> C. Section 17.36.060 of the Pleasanton Municipal Code (Growth <br /> Management Program) establishes annual new residential limits. For 2016, there <br /> are 235 growth management unit allocations. The City has reviewed the growth <br /> management unit allocations established for 2016 and determined that the growth <br /> management unit allocation capacity is available for the Project. <br /> D. City may enter into growth management agreements with project <br /> developers 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 <br /> accordance with the purposes of the City's Growth Management Program. <br /> NOW, THEREFORE, in consideration of the mutual promises expressed herein, <br /> City and Developer agree as follows: <br /> I. GROWTH MANAGEMENT APPROVAL <br /> City grants growth management approval to the Project for two units in 2016. <br /> Developer may be issued building permit(s) in the year(s)following 2016 until Developer <br /> has received building permits for both units. <br /> II. PROJECT CONDITION <br /> Nothing in this Agreement shall reduce any obligation of Developer required as a <br /> condition of any other approvals granted by the City for the Project. <br /> 1 <br />