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~o ORDINANCE NO. 1962 AN ORDINANCE APPROVING A DEVELOPMENT AGREEMENT BETWEEN THE CITY OF PLEASANTON AND JENNIFER LIN AND FREDERIC LIN REGARDING THE OAK GROVE DEVELOPMENT WHEREAS, Government Code Section 65865 through Section 65869.5 authorizes cities and counties to enter into binding development agreements with persons having legal or equitable interests in real property for the development of such property; and WHEREAS, James Tong, Charter Properties, has made application to the City on behalf of Jennifer Lin and Frederic Lin for such Development Agreement; and WHEREAS, on October 2, 2007, an Environmental Impact Report prepared for this project was certified as complete and adequate in compliance with the California Environmental Quality Act; and WHEREAS, duly noticed public hearings were held on September 4, 2007 and October 2, 2007. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF PLEASANTON DOES HEREBY ORDAIN AS FOLLOWS: SECTION 1. Finds that the proposed Development Agreement between the City of Pleasanton and Jennifer Lin and Frederic Lin is consistent with the City's General Plan. SECTION 2. Approves the Development Agreement between the City of Pleasanton and Jennifer Lin and Frederic Lin, a draft [and red lined] copy of which is attached hereto and incorporated herein by this reference, and the final form of which is to be approved by the City Attorney. SECTION 3. The City staff is directed to cause a Notice of Determination to be filed pursuant to Section 5.4(g) of Resolution No. 77-66. SECTION 4. A summary of this ordinance shall be published once within fifteen (15) days after its adoption in "The Valley Times," a newspaper of general circulation published in the City of Pleasanton, and the complete ordinance shall be posted for fifteen (15) days in the City Clerk's office within fifteen (15) days after its adoption SECTION 5. This ordinance shall be effective thirty (30) days after its passage and adoption.