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AGREEMENT <br /> <br /> Tills AGREEi. UENT is made and entered into this day <br /> <br />of 1982, by and between TIlE PRUDENTIAL INSUIht'~NCE <br /> <br />COMPANY OF Aj.iERiCA, a New Jersey corporation, and CALLAHAN- <br />PENTZ PROPER'lIES, PLEASANTON, a California general partnership <br />(hereinafter collectively referred to as "tiacienda"), and <br />THE CITY OF PLEASANTON, a municipal corporation (hereinafter <br />referred to as "City"). <br /> <br /> KECITALS <br /> <br /> A. Du~e to significant proposed industrial/commercial <br />growth requiring major roadway improvements in the North <br />Pleasanton area, City has begun formal assessment district <br />proceedings for a proposed roadway improvements program <br />entitled "North Pleasanton Improvement District, Project AD <br />1982-4," includ-~ng within the proposed boundaries lands of <br />tlaciendn proposed for ~ndustrial park development (Hacienda <br />Business Park). <br /> <br /> B. Certain roadway improvements at the intersection <br /> <br />of Hopyard Road and Johnson Drive (to be renalned "Owens Drive") <br />have br~en approved by City, and Hacienda has agreed to <br />construct these improvements in advance of the formation of <br />the l~orth Pleasanton Assessment: District (Street improvement <br />Agrce',nent - Hopyard Road, Owens Drive, and Owens Court <br />in~provement;~, dated September 28, 1982), said constrnction <br />b~:ing required as soon as practical in order to minimize <br /> <br />-1- <br /> <br /> <br />