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. •: • <br /> <br />~~ <br />DEVELOPMETdT DEFERPIENT AGP.EEMENT <br />THIS DEVELOPP'IENT DEFER:IENT AGP.EE'_4ET]T (the "Agreement") <br />is made this 12th day of January 1982, by and <br />between TIIE LEE SAI4IIS COb1PAI1Y (hereinafter referred to as <br />"Developer") and the CITY OF PLEASATdTON, a municipal corporation <br />(hereinafter referred to as "City"). <br />R E C I T A L S <br />A. Developer is the owner of real property in the <br />City of Pleasanton described on Exhibit "A" attached to this <br />Agreement and made a part of it by reference which consists <br />generally of 10.178 acres at the intersection of Foothill <br />Road and I-580, commonly knoo~n as Pads A and E (the "Property"). <br />B. Developer has purchased and now has outstanding <br />16 D.U.E. (Dwelling Unit Equivalent) sewer-system connection <br />permits for use in development of the Property, such permits <br />having been issued by the Dublin-San Ramon Services District <br />("DSRSD") pursuant to Alameda County Superior Court Order <br />in Civil Action T]o. 423134 filed December 19, 1972 (the "Court <br />Order"). These permits were issued to Taubman Company and <br />assigned to the Developer. <br />C. Pursuant to the 1972 Court Order, building permits <br />must be obtained within three (3) years after purchase of any <br />sewer-system connection permits, or such sewer permits shall <br />be canceled. <br />-1- <br />