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FIRST AMENDMENT TO <br />DEVELOPMENT DEFERMENT AGREEMENT <br /> <br /> THIS FIRST AMENDMENT TO DEVELOPMENT DEFER}lENT AGREEMENT <br /> <br />is made this day of January, 1983, by and between THE <br /> <br />LEE SAMMIS COMPANY ("Developer") and the CITY OF PLEASANTON, <br /> <br />a municipal corporation ("City"). <br /> <br /> RECITALS <br /> <br /> A. Developer and City entered into that certain Development <br />Deferment Agreement (the "Agreement") dated January 12, 1982 <br />pertaining to that certain unimproved real property (the <br />"Property") located in Pleasanton, California, as more <br />particularly described in Exhibit "A" to the Agreement. <br /> <br /> B. The Agreement provided in pertinent part that no <br />building permits would be issued on the Property prior to <br />January 12, 1983, in order to allow Developer time to perfect <br />plans and studies of the proposed development of the Property <br />and because of the City's desire to see construction take <br />place at reasonable intervals. <br /> <br /> C. Due to circumstances not foreseen at the time of <br />execution of the Agreement, it is in the public interest <br />that the parties agree that no building permits will be <br />issued on Pad A of the Property prior to January 12, 1984. <br />Building permits on Pad E of the Property will continue to <br />be governed by the terms of the Agreement. <br /> <br /> NOW, THEREFORE, in consideration of the mutual provisions <br /> <br />and the <br />to ~ity <br />parties <br /> <br />sum of One Thousand Dollars ($1,000.00) being paid <br />as a processing fee concurrently herewith, the <br />agree to amend the Agreement as follows: <br /> <br /> -1- <br /> <br /> <br />