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FIFTH AMENDMENT TO DEVELOPMENT DEFERMENT AGREEMENT <br /> <br /> THIS AGREEMENT is made and entered into this 1st day of <br />April, 1986, by and between ROBERT E. FRANK, SYLVAN GROSS and <br />JACQUELINE GROSS, hereinafter collectively referred to as <br />"Developer," and CITY OF PLEASANTON, a municipal corporation, <br />hereinafter referred to as "City." <br /> <br /> WHEREAS, City and Developer .entered into a Development- <br />Deferment 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 four subsequent <br />amehdments extending the time within which building permits can <br />be obtained to April 6, 1986; 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 July 10, 1986." <br /> <br /> - 1 - <br /> <br /> <br />