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TEACHERS MANAGEMENT & INVESTMENT - DEVELOPMENT DEFERMENT AGMT (2)
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TEACHERS MANAGEMENT & INVESTMENT - DEVELOPMENT DEFERMENT AGMT (2)
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11/5/2007 3:35:21 PM
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5/19/2004 9:38:33 AM
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LONG TERM AGREEMENTS
LONG TERM AGREEMENTS - DOCUMENT DATE
6/9/1981
LONG TERM AGREEMENTS - NAME
TEACHERS MANAGEMENT & INVESTORS
LONG TERM AGREEMENTS - TYPE
MISC AGMT
LONG TERM AGREEMENTS - RECORD SERIES
704-06
LONG TERM AGREEMENTS - DESTRUCTION DATE
PERMANENT
LONG TERM AGREEMENTS - NOTES
DEVELOPMENT
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Permits on that date. Each D.U.E. is the equivalent of at least <br />21 fixture units, and is determined pursuant to the chart <br />attached as Exhibit C to this agreement. <br /> <br /> 6. The Court Orders provide that the Sewer Permits <br /> <br />are subject to the exclusive control of Pleasanton. The Court <br />Orders further provide that a written agreement between the Property <br />owner and Pleasanton precluding the owner or its successors or <br />assigns from obtaining the necessary building permits for a <br />specified period of time tolls for that period of time the <br />three-year deadline for obtaining building permits. <br /> <br /> 7. In order to allow TMI to do the specific planning <br />which it desires to do on the Property and because of changing <br />circumstances in Pleasanton, it is in the public interest that <br />the parties agree that no building permits will be issued on <br />the Property prior to December 9, 1982. <br /> <br /> NOW, THEREFORE, in consideration of the sum of One <br />Thousand Dollars ($1,000.00) being paid to Pleasanton as a <br />processing fee concurrently herewith, the parties agree as <br />follows: <br /> <br /> 1. The Sewer Permits originally issued by DSRSD to <br /> <br />FPI may be assigned by FPI, or its successors in interest, to <br />TMI as part of the acquisition of the Property by TMI, and the <br />Sewer Permits may be assigned by TMI to any future owner of <br />the Property, or any part thereof. <br /> <br /> 2. No building permits will be issued on the Property <br />prior to December 9, 1982. Nothing herein shall preclude <br /> <br />- 3 - <br /> <br /> <br />
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