RES 86220 - Laserfiche WebLink

DEFERRED BTREBT IMI)ROVEMBIq'~ A(3RBBMElq"I' THIS AGREEMENT is made and entered into on the ~ day RD (hereinafter referred to as "Property Owner") and the CITY OF PLEASANTON, a municipal corporation (hereinafter referred to as "City"). The City and Property Owner agree as set forth below. I. RECITALS THIS AGREEMENT is made with reference to the following facts and objectives: 1. Property Owner is the owner of real property in the City of Pleasanton described in Exhibit "A", attached to this agreement and made a part of it by this reference, which consists generally of an approximately 0.3 acre site located at 943 Rose Avenue. 2. Property Owner has applied for and received City approval to construct three townhouse units consisting of 1,000 square feet each on the subject site. 3. Rose Avenue is essentially a road designed to rural standards which does not meet City street standards but is planned to be improved as properties develop along the street. 4. As a condition of design review approval, the Property Owner is required to improve Rose Avenue to City standards, said condition being a normal City requirement and agreed to by the Property Owner. 5. Although street improvements are normally done at the time properties are developed, the Property Owner wishes to defer improving the aforesaid road until such time in the future that such improvements are warranted. 6. Because the subject site is not contiguous to other portions of Rose Avenue which have been improved to City standards, the improvements to be done by Property Owner would be of little value done alone; thus, approval of the project has been conditioned upon improvements being done at such time in the future as this is deemed necessary by the City Engineer. - 1 -