RES 97148 - Laserfiche WebLink

RECORDING REQUESTED BY AND WHEN RECORDED MAIL TO: City of Pleasanton City Clerk's Office P.O. Box 520 Pleasanton, CA 94566 Record for the Benefit of the City of Pleasanton Pursuant to Government Code Section 6103 THE AREA ABOVE IS RESERVED FOR RECORDER'S USE SECOND AMENDMENT TO FOOTHILL/SAB AMENDED DEVELOPMENT DEFERMENT AGREEMENT THIS SECOND AMENDMENT TO THE FOOTHILL/SAB AMENDED DEVELOPMENT DEFERMENT AGREEMENT ("Second Amendment") is entered into by and between CROCKER PROPERTIES, INC., a wholly owned subsidiary of Wells Fargo Bank, N.A., a national banking association ("Crocker"), and the CITY OF PLEASANTON, a municipal corporation ("City") on this day of , 1996. RECITALS A. WHEREAS, on August 20, 1990, Crocker, City and Stoneridge II, a California general partnership, entered into that certain First Amendment to Foothill/SAB Amended Development Deferment Agreement ("First Amendment") which, among other things, recognized the transfer of 213 sewer permits to Crocker for its use in developing the property commonly known as Stoneridge Corporate Plaza II ("Property Sewer Permits") and which set forth a revised scheme governing the building permit limitation and time periods for use of the Property Sewer Permits; and B. WHEREAS, on August 20, 1990, Crocker and City also entered into a Development Agreement pursuant to Section 65864 et seq. of the California Government Code ("Development Agreement") which governs development of the Stoneridge Corporate Plaza II property; and C. WHEREAS, Paragraph 10 of the First Amendment provides that the term of the agreement regarding use of Property Sewer Permits would continue for 10 years after the effective date of the First Amendment (i.e., until August 20, 2000) and further BPHSF6\CJB\0212209.01 01/10/96 1.