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EXHIBIT A (TO SR 06:152) PURCHASE AND SALE AGREEMENT THIS PURCHASE AND SALE AGREEMENT is made this day of J'A~N~~''~ , 2005 between Threehand, LP a Limited Partnership (Seller) and the City of Pleasanton (City). RECITALS A. Seller owns the real property at 1680 Vineyard Avenue, Pleasanton, CA, more particulazly described in the attached Exhibit A. B. City desires to acquire a fee interest in a portion of Seller's property in order to construct thereon a water tank; in connection with that tank's construction, the City also needs to acquire a public utility easement and a temporary construction easement on Seller's property. C. City has commissioned an appraisal of the fair market value of the property, whether in fee or for an easement, that it needs. D. Seller has indicated a willingness to sell the fee interest and the easements to City but has requested that the City make certain improvements to the public utility easement that will enable Seller to serve its remaining property if it is developed. E. Seller is also interested in processing a development agreement for its property, which agreement would be similar to development agreements provided for other property owners in the Vineyard Avenue Corridor Specific Plan area. F. City has obtained an estimate for the improvement work requested by Seller and is willing to construct those improvements as part of its project conditioned on Seller's paying to the City the cost above the fair market value of the property that the City needs to acquire. G. Seller is willing to pay such cost. NOW, THEREFORE, in consideration of the mutual promises set forth in this Agreement, Seller and City agree as follows: I . Seller shall transfer to the City in fee the real property described in Exhibit A and as depicted in Exhibit A-l . At the time of transfer, the Exhibit A property will be subject only to those exceptions to title that aze acceptable to City. 2. Seller shall grant to City an easement for public utility purposes as depicted generally in Exhibit B. The actual legal description of this easement will be ascertained as part of the development plan of the property.