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AGREEMENT FOR CAPIT.zi IMPROVE:,tENTS <br /> <br /> THIS AGREEMENT is entered into this <br /> <br /> IORRI SON ) <br /> <br />(CITY) . <br /> <br /> aay of <br /> <br /> , 198~, between Xorrison Homes Corporation <br /> <br />and the City of Pleasanton, a municipal corporation <br /> <br />RECITALS: <br /> <br /> A. <br />$100,000.00 <br /> <br /> MORRISON is obligated to CITY to expend <br /> <br />for in-kind capital improvements of community <br /> <br />benefit (the improvements). MOP~ISON agreed to make the <br />improvements as a condition of approval by CITY of MORRISON's <br />46 unit "Bla~k Avenue Condominium Project" on Black Avenue <br />near Hopyard Road, in CITY, under CITY'S Residential Allo- <br />cationProgram. <br /> <br /> B. MORRISON and CITY intend by this agreement to <br />identify the improvements, and to establish the time within <br />which MORRISON shall make the improvements. <br /> <br />AGREEMENTS <br /> <br />1. <br />are identified <br /> <br />MORRISON and CItY a~ree that the ~mprovements <br />in Exhibit A, ~ich is attached and by this <br /> <br />reference <br /> 2. <br /> <br />later than <br />later than <br /> <br />commence or to <br /> <br />incorporated herein. <br /> <br /> MORRISON shall <br /> May ], ] 982 <br /> December 3] , ] 982 <br /> <br /> complete the <br /> <br /> commence the improvments not <br /> <br /> , and shall complete them not <br /> <br />The time for MORRISON to <br />improvements shall be extended for <br /> <br /> <br />