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2. Section 2 of the Development Deferment Agreement as <br />amended is amended in its entirety to read as follows: <br /> <br /> "The effect of this Agreement is to extend until April 6, <br /> 1986, the time within which building permits can be obtained <br /> for the Property by Developer without the expiration of all <br /> or any portion of the sewer permits." <br /> <br /> 3. All the terms and conditions of the Development <br />Deferment Agreement shall remain in full force and effect as to <br />the Property except as explicitly provided herein. <br /> <br /> THIS AGREEMENT is entered into as of the date first above <br />written. <br /> <br /> DEVELOPER <br /> <br /> Robert E. Frank <br /> <br /> CITY OF PLEASANTON <br /> <br /> By <br /> Kenneth R. Mercer, Mayor <br /> <br />ATTEST: <br /> <br />James R. Walker, City Clerk <br />APPROVED AS TO FORM: <br /> <br />Peter D. MacDonald, City Attorney <br /> <br /> - 2 - <br /> <br /> <br />