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03
City of Pleasanton
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CITY CLERK
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AGENDA PACKETS
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2018
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082118
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03
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8/15/2018 8:54:22 AM
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8/15/2018 8:54:21 AM
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CITY CLERK
CITY CLERK - TYPE
AGENDA REPORT
DOCUMENT DATE
8/21/2018
DESTRUCT DATE
15Y
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EXHIBIT A <br /> RECORDING REQUESTED BY: <br /> CITY OF PLEASANTON <br /> When Recorded, Return to: <br /> Office of the City Clerk <br /> City of Pleasanton <br /> P.O. Box 520 <br /> Pleasanton,CA 94566 <br /> Recording requested Pursuant to <br /> Government Code Sections <br /> 27383&6103—No Fee <br /> THIRD AMENDMENT TO DEVELOPMENT AGREEMENT <br /> THIS THIRD AMENDMENT TO DEVELOPMENT AGREEMENT (the <br /> "Amendment") is made and entered into as of , 2018, by and between the CITY OF <br /> PLEASANTON, a municipal corporation of the State of California ("City"), and <br /> STONERIDGE PROPERTIES LLC, a Delaware limited liability company, doing business <br /> in California as STONERIDGE ASSOCIATES, LLC, successor in interest to SECURITY <br /> TRUST COMPANY, as TRUSTEE under TRUST NO. 1860-0 ("Developer"), pursuant to <br /> the authority of California Government Code Sections 65864-65869.5. <br /> RECITALS: <br /> A. The City and Developer are parties to a Development Agreement (the <br /> "Agreement") dated as of November 5, 1992, as approved by the City Council under <br /> Ordinance No. 1578. The Agreement was recorded on April 2, 1993 as Instrument No. <br /> 93103418 in the Official Records of Alameda County. (Capitalized terms not otherwise <br /> defined in this Amendment shall have the meanings given to them in the Agreement; all <br /> references to the Agreement shall refer to the same as modified by this Amendment.) <br /> B. The parties entered into the First Amendment to Development Agreement <br /> (the "First Amendment"), dated as of January 6, 1998, as approved by the City Council by <br /> its Ordinance No. 1732. The First Amendment to Development Agreement was recorded on <br /> February 5, 1998 as Instrument No. 98048535 in the Official Records of Alameda County. <br /> C. The parties entered into the Second Amendment to Development <br /> Agreement (the "Second Amendment"), dated as of June 13, 2013, as approved by the City <br /> Council by its Ordinance No. 2073. The Second Amendment to Development Agreement <br /> was recorded on September 5, 2013 as Instrument No. 2013299219 in the Official Records <br /> of Alameda County. <br /> D. The City and Developer desire to extend the term of the Agreement, First <br /> Amendment, and Second Amendment thereto. In order to strengthen the public planning <br /> process, encourage private participation in comprehensive planning, secure the orderly <br /> development of the Project and provide greater opportunities for traffic management and <br /> Page 1 <br />
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