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ceive some return on his investment in the land which would tend to <br />offset the high landholding costs incurred to date. Returns of this <br />type would better enable a landowner/developer to continue to hold <br />his remaining undeveloped land until it, too, could be developed. <br />Because of the amount of land within the Urbanization Line and the <br />length of time planned for its build-out, allowing several developers <br />to build in any given year would ease the financial hardship incurred <br />by all landowners within that area by allowing each the opportunity <br />for a reasonable amount of construction spread over the build-out <br />period. <br />Policy 19: To limit the number of units any developer is <br />allowed to build in any given year in order to ensure <br />several different developers are allowed to build in <br />any given year. <br />Because more developers will want to develop more units than will be <br />allocaed in a year, the selection of those receiving development ap- <br />proval necessarily implies that some developers who would like to <br />develop cannot develop. Fairness requires that those receiving devel- <br />opment approval actually proceed to build. Also, the goal of a steady <br />growth rate requires that those receiving approval actually build the <br />permitted units. <br />Policy 20: To revoke the approval of developments <br />which do not make acceptable progress. <br />All residential development does not consist of large subdivisions; <br />some buildable lots are created through lot splits and development <br />may occur on vacant, already subdivided lots. Isolated, small resi- <br />dential development which would occur on such lots - singly or perhaps <br />in tcao's or three's - is but a tiny proportion of the residential <br />development which will occur in Pleasanton in the future, especially <br />since very few vacant lots exist in the city and few vacant parcels <br />of land could be split to form buildable lots. To subject such small <br />developments to the same developmental procedures as larger subdivisions <br />is unnecessary in order to regulate the rate of growth or the pro- <br />vision of services and would be unnecessarily burdensome to the owners <br />who wish to develop such lands. <br />Policy 21: To ease the procedural requirements of the residential <br />allocation program with respect to those small developments <br />which, because of their size, would not affect materially <br />the growth rate or provision of services should they develop. <br />-13- <br />