HEINZ, ROBERT AND SHAREN - DEVELOPMENT AGRMNT

08/08/02 10:47 FAX 925 484 8234 CITY - PLEASANTON 0005/022 Financing Program #1. No final map shall be approved, and no building permit for a new unit shall be issued, until all common infrastructure improvements listed in Table I for that sub -area plus all common infrastructure improvements for sub -areas listed numerically earlier: (a) have been completed by either the City or earlier developers: (b) have been bonded for by one or more developers in conjunction with final map improvement plans; or (c) are under construction by the City. Example 1 A. Developer ofLot 4 wishes to proceed . No common improvements have been undertaken. Developer of Lot 4 bonds for all improvements listed in Part I of Table 1 and construction proceeds. Developer of Lot 4 may or may not be entitled to reimbursement, as described in Financing Program #20. Example 1 B. Owner of Lot 29 wishes to build one house on this existing. undeveloped lot. Owner will not be able to secure a building permit until all infrastructure listed in Parts 1, 2, 3, and 4 are assured of construction. Example 1 C. Developer ofLot 18 wishes to proceed. Part 1 infrastructure has been completed by developer of Lot 4. Part 2 sewer infrastructure is bonded for by the developer of Lot 23. City has let the contract for the Part 2 water infrastructure. Developer of Lot 18 must bond for all Parr 3 infrastructure with the final map, as all Part 1 and 2 infrastructure has heen completed. has been bonded for, or is under construction by the City. One of the objectives of the financing and phasing chapter of the Specific Plan is - to establish a coordinated and efficient program of phasing infrastructure improvements which allows private development, an elementary school, and a community park to develop in as timely a manner as possible." Two exceptions to Financing Program #1 which further this objective are described below. In general, the infrastructure improvements serving the Plan Area are extended from the west, with full service achieved when the infrastructure reaches any Lot. In sub - areas listed.as Parts I, 2, and 3, it is possible for full service to be provided to a westerly end lot without extending infrastructure completely through to the easterly end of that sub -area. The City may allow partial extension of infrastructure through Parts 1, 2, and 3 if full service is provided to the development and if the project's Specific Plan fees would not be sufficient to extend the improvements completely through the sub -area. This would enable timely development while keeping costs feasible by avoiding unnecessary, reimbursement - eligible infrastructure extensions. 2