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.D. Paragraph 8 of Exhibit B to the Agreement, attached <br />to and incorporated in the1972 Court Order, provides that where <br />an owner/developer is precluded from obtaining the necessary build- <br />ing permits for a specified period of time by reason of action by <br />a governmental agency, the three-year deadline for obtaining <br />builAing permits will be extended for an amount of time equal to <br />the time specified in the written contract. <br /> <br /> E. It is in the public interest that the construction <br />of residential units in Pleasanton takes place in an orderly <br />manner. In order to allow Stoneson time to perfect plans and <br />studies of the proposed development of the Property and because <br />of Pleasanton's desire to see housing become available on the <br />market at reasonable intervals, it is in the public interest that <br />the'parties agree that no building permits will be issued on the <br />Property prior to September 8, 1982. <br /> <br /> NOW, THEREFORE, in consideration of the mutual provisions <br />and the sum of One Thousand Dollars ($1,000) being paid to <br />Pleasanton as a processing fee concurrently herewith, the parties <br />agree as follows. <br /> <br /> 1. No building permits will be issued on the Property <br />prior to September 8, 1982. <br /> <br /> 2. The effect of this Agreement is to extend until <br />September 13, 1982 and Jan. 16,1983 the time within which building <br />permits can be obtained for the Property by Stoneson without the <br />expiration of all or any portion of the thirty-seven Sewer Permits <br />and/or the nine Sewer Permits, respectively. <br /> <br /> -2- <br /> <br /> <br />