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?RACT NO. <br /> <br /> SUBDIVISION AGREEMENT <br /> <br />4385, Valley West <br /> ALtQ~HjDA COUNTY, CAI,IFORNIA <br /> <br />, PLEASANTON <br /> <br />THIS AGREEiLENT made and entered at Pleasanton, California this <br /> <br />, by and between: <br /> <br />San Jose Financial, Inc. <br />c/o Home Federal Savings <br />1901 S. Bascom Ave., Suite <br /> <br />110 <br /> <br />· Campbell, CA 95008 <br /> <br />(hereinafter referred to as "Subdivider") and the CITY OF PLEASANTON, <br /> <br />a general law city, located in Alameda County~ California, acting <br /> <br />through the City Manager and the City Clerk, (hereinafter referred to <br /> <br />as "City"), <br /> <br /> WHEREAS~ Subdivider has a tentative map for said tract, lying <br />v:ithin the boundaries of the City; duly approved by the Planning <br />Commission 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 reference is included in this <br />agreement for all purposes as if attached hereto; and <br /> <br /> WItEi~EAS, <br />easements and <br />dedicate this <br /> <br />said map and subdivision of land designates streets~ <br />public ways for the City, and Subdivider proposes to <br />land set forth in the final map to the City; and <br /> <br /> WHEPJSAS, as a condition precedent to accepting this offer of <br />dedication by Subdivider, City reqnires the improvements of the public <br />ways, jnstallakion or extension of certain city services at Subdivider's <br />expense and certain protections for the City on behalf of the public. <br /> <br /> i;0~'~, THEt~FORE~ iu consideration of the faithful performance <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 />of <br /> <br /> 1. Time of Essence. Time is of the essence in the performance <br />of tb. is agreement. Tile work and improvements required by this agree-- <br />meat to be completed by Subdivider shall be completed within one (1) <br />year from the above-mentioned date of this agreement. <br /> <br /> Thn City may extend the time for completion of improvements <br />hareunder, upon good cause being, shown by the Subdividere Any such <br />extension may be granted without notice to the Subdivider's surety, and <br />e;.:tcnsio_u so granted shall not relieve the surety's liability on the <br />bond to secure the- faithful performance of this agreement° <br /> <br /> <br />