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SEVENTH AMENDMENT TO DEVELOPMENT DEFERMENT AGREEMENT <br /> <br /> THIS AGREEMENT is made and entered into this 17th day of <br />March, 1987, by and between SYLVAN GROSS and JACQUELINE GROSS, <br />hereinafter collectively referred to as "Developer," and CITY OF <br />PLEASANTON, a municipal corporation, hereinafter referred to as <br />"City." <br /> <br /> WHEREAS, City- and Developer entered into a Development <br />Defermerit Agreement dated January 12, 1982, in order to allow the <br />City and Developer the time necessary to properly plan for the <br />development of the site; and <br /> <br /> WHEREAS, City and Developer entered into six subsequent <br />amendments extending the time within which building permits can <br />be obtained to March 15, 1987; and <br /> <br /> WHEREAS, because good faith effort has been shown as to <br />development of the subject property and additional time is <br />necessary to allow proper planning in light of new development <br />plans and conditions, it is desirable to extend the Development <br />Deferment Agreement as hereinafter set forth. <br /> <br /> NOW, THEREFORE, THE PARTIES HERETO AGREE as follows: <br /> <br /> 1. Section 1 of the Development Deferment Agreement as <br />amended is amended in its entirety to read as follows: <br /> <br /> "No building permits will be issued on the Property <br /> prior to September 15, 1987." <br /> <br /> - 1 - <br /> <br /> <br />