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SUBDIVISION AGREEMENT <br /> TRACT NO. 8352, "LUND RANCH II", PLEASANTON, <br /> ALAMEDA COUNTY, CALIFORNIA <br /> THIS SUBDIVISION AGREEMENT(the "Agreement") is made and entered at Pleasanton, <br /> California, this J So, day of Ufen4 , 2019, by and between: GHC LUND RANCH LLC, A <br /> Delaware Limited Liability Company(the "Subdivider") and the CITY OF PLEASANTON, a municipal <br /> corporation, (the "City"). <br /> RECITALS <br /> WHEREAS, Subdivider has a tentative map for Tract Number 8352, lying within the boundaries <br /> of the City; duly approved by the Planning Commission or the City Council; and <br /> WHEREAS, all or a portion of the area of the tentative map is presented as a "final map", a copy <br /> of said map is on file in the office of the City Engineer, and by reference is included in this Agreement <br /> for all purposes as if attached hereto; and <br /> WHEREAS, said tentative map and subdivision of land designates streets, easements and public <br /> ways for the City, and Subdivider proposes dedications to the City and the public as set forth in the final <br /> map; and <br /> WHEREAS, as a condition precedent to accepting this offer of dedication by Subdivider, City <br /> requires the improvements of the public ways, installation or extension of certain City services at <br /> Subdivider's expense and certain protection for the City on behalf of the public. <br /> NOW, THEREFORE, in consideration of the faithful performance of the promises, terms, <br /> conditions and covenants set forth herein by Subdivider and the approval of the map for recording by the <br /> City, the parties hereto agree as follows: <br /> 1. Time of Essence. Time is of the essence in the performance of this Agreement. The <br /> work and improvements required by this Agreement to be completed by Subdivider shall be completed <br /> within two (2) years from the above-mentioned date of this Agreement. <br /> The City may extend the time for completion of improvements hereunder, upon good cause <br /> being shown by the Subdivider. Any such extension may be granted without notice to the Subdivider's <br /> surety, any extension so granted shall not relieve the surety's liability on the bond to secure the faithful <br /> performance of this Agreement. <br /> 2. Work. Subdivider will do or cause to be done and performed the following described <br /> work: Improvements pursuant to plans and project bond estimates entitled: <br /> SUBDIVISION AGREEMENT <br /> TRACT NO.8352 <br /> Page 1 of 7 <br />