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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"), and the CITY <br /> OF PLEASANTON, a municipal corporation ("City"). <br /> RECITALS: <br /> A Developer owns a legal or equitable interest in real property ("the Subject <br /> Property") commonly known as 11300 Dublin Canyon Road in the City of Pleasanton. <br /> B. The City has granted to Developer Planned Unit Development approval <br /> (PUD-114) for three 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 allocation <br /> 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 Ordinance. <br /> E. City and Developer wish to enter into a growth management agreement in <br /> order to achieve the benefits of the Project to City and its residents and in accordance with <br /> the purposes of the City's Growth Management Ordinance. <br /> NOW, THEREFORE, in consideration of the mutual promises expressed herein, City <br /> and Developer hereby agree as follows: <br /> I. GROWTH MANAGEMENT APPROVAL <br /> A City hereby grants growth management approval to the Project for three units <br /> in 2016. Developer may be issued building permit(s) in the year(s) following 2016 until <br /> Developer has received building permits for both units. <br /> II. PROJECT CONDITION <br /> Nothing herein shall reduce any obligation of Developer required as a condition of <br /> any other approvals granted by the City. <br /> III. SUCCESSORS IN INTEREST <br /> This Agreement shall run with the land and be binding upon and inure to the benefit <br /> of Developer and its heirs, assigns, and successors in interest that have an interest in the <br /> Subject Property, except for the purchasers of individual units within the Project. <br />