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SUBDIVISION AGREEMENT <br /> <br /> TK'~CT NO. 5393 Mohr Park Unit 2 , PLEASANTON <br /> ALA~.LEDA COUNTY , CALIFOF~qIA <br /> <br /> THIS AGREE~.ENT made and entered at Pleasanton, California this <br /> <br /> , by and between: <br /> <br /> J. F. Shea Compa9yJ Inc.,.a Nevada Corp. <br /> bBA Shea Homes <br /> 1210 So. Bascom Ave., Suite 124 <br /> <br /> San ~pse~ CA 9512--8 ......... _ <br /> <br />(hereinafter referred to as "Suboivider") and the CITY OF PLEASANTON, <br />a general law city, located in Alameda qounty, California, acting <br />through the City Manager and the City Clerk, (hereinafter referred to <br />as "City"). <br /> <br /> WHEREAS, Subdivider has a tentative map for said tract, lying <br />within the boundaries of the City; duly approved by the Planning <br />Conmission or the City Council; and <br /> <br /> WHEREAS, all or a portion of the area of the tentative map is <br />presented as a "final map,"·a copy of said map is on file in the <br />office of the City Engineer, and by referenceis-included in this <br />agreement for all purposes as if attached hereto; and <br /> <br /> WHEREAS, said map and subdivision of land designates streets, <br />easements and public ways for the City, and Subdivider proposes to <br />dedicate this land set forth in the final map to the City; and <br /> <br /> WIIEREAS, as a condition precedent to accepting this offer of <br />dedication by Subdivider, City requires the improvements of the public <br />ways, installation or extension of certain City services at Subdivider's <br />expense and certain protections for the City on behalf of the public. <br /> <br /> NOW, THEREFOIl, in 'consideration of the faithful performance of <br />the promises, terms, conditions and covenants set forth herein by <br />Subdivider and the approval of the map for recording by the City <br />the parties-hereto agree as follows: <br /> <br /> 1. Time of Essence. Time is of the essence in the performance <br />of this agreement. The work and improvements required by this agree- <br />ment to be completed by Subdivider shall be completed within one (1) <br />year from the above-mentioned date of this agreement. <br /> <br /> The City may extend the time for completion of improvements <br />hereunder, upon good cause being shown by the Subdivider. Any such <br />extension may be granted without notice to the Subdivider's surety, and <br />extension so granted shall not relieve the surety's liability on the <br />bond to secure the faithful performance of this agreement. <br /> <br /> <br />