RES 16884 - Laserfiche WebLink

EXHIBIT A GROWTH MANAGEMENT AGREEMENT THIS GROWTH MANAGEMENT AGREEMENT is made and entered into on the day of , 2016, between Mike and Theresa Carey ("Developer"), and the CITY OF PLEASANTON, a municipal corporation ("City"). RECITALS: A. Developer owns a legal or equitable interest in real property ("the Subject Property") commonly known as 4791 Augustine Street in the City of Pleasanton. B. The City has granted to Developer Planned Unit Development approval (PUD-118) for three new detached single family homes and three studio apartments units on the second and third floors of a new mixed-use building on the Subject Property ("the Project"). C. Section 17.36.060 of the Pleasanton Municipal Code (Growth Management Program) establishes annual new residential limits. For 2016, there are 235 growth management unit allocations. The City has reviewed the growth management unit allocations established for 2016 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 Ordinance. E. City and Developer wish to enter into a growth management agreement in order to achieve the benefits of the Project to City and its residents and in accordance with the purposes of the City's Growth Management Ordinance. NOW, THEREFORE, in consideration of the mutual promises expressed herein, City and Developer hereby agree as follows: I. GROWTH MANAGEMENT APPROVAL A. City hereby grants growth management approval to the Project for six units in 2016. Developer may be issued building permit(s) in the year(s) following 2016 until Developer has•received building permits for both units. II. PROJECT CONDITION Nothing herein shall reduce any obligation of Developer required as a condition of any other approvals granted by the City. 3