RES 89471 - Laserfiche WebLink

WHEN RECORDED, RETURN TO: City Attorney P. O. Box 520 Pleasanton CA 94566 DEFERRED STREET IMPROVEMENT AGREEMENT THIS AGREEMENT is made and entered into on the day of , 1989, by and between JAMES AND ANNA YEE (hereinafter referred to as "Property Owner") and the CITY OF PLEASANTON, a municipal corporation (hereinafter referred to as "City"). The City and Property Owner agree as set forth below. I. RECITALS THIS AGREEMENT is made with reference to the following facts and objectives: 1. Property Owner is the owner of real property in the City of Pleasanton described in Exhibit "A", attached to this agreement and made a part of it by this reference, which consists generally of an approximately one-third acre site located at 4800 Fair Street and 991 Rose Avenue. 2. Property Owner has applied for and received City approval to construct two new detached residential units and reconstruct two residential units. The resulting site plan would consist of four units (two new and two existing units). 3. Rose Avenue is essentially a road designed to rural standards which does not meet City street standards but is planned to be improved as properties develop along the street. 4. As a condition of design review approval, the Property Owner is required to improve Rose Avenue to City standards, said condition being a normal City requirement and agreed to by the Property Owner. 5. Although street improvements are normally done at the time properties are developed, the Property Owner wishes to defer improving the aforesaid road until such time in the future that such improvements are warranted. 6. Because the subject site is not contiguous to other portions of Rose Avenue which have been improved to City standards, the improvements to be done by Property Owner would be of little value done alone; thus, approval of the project has been conditioned upon improvements being done at such time in the future as this is deemed necessary by the City Engineer. 1