SAMMIS - FIRST AMENDMENT TO DEVELOPMENT DEFERMENT AGREEMENT

i ,, ~ ~ s FIRST AMENDMENT TO DEVELOPMENT DEFERMENT AGREEMENT THIS FIRST AMENDMENT TO DEVELOPMENT DEFERMENT AGREEMENT is made this //f~c day of January, 1983, by and between THE LEE SAMMIS COMPANY ("Developer") and the CITY OF PLEASANTON, a municipal corporation ("City"). RECITALS A. Developer and City entered into that certain Development Deferment Agreement (the "Agreement") dated January 12, 1982 pertaining to that certain unimproved real property (the "Property") located in Pleasanton, California, as more particularly described in Exhibit "A" to the Agreement. B. The Agreement provided in pertinent part that no building permits would be issued on the Property prior to January 12, 1983, in order to allow Developer time to perfect plans and studies of the proposed development of the Property and because of the City's desire to see construction take place at reasonable intervals. C. Due to circumstances not foreseen at the time of execution of the Agreement, it is in the public interest that the parties agree that no building permits will be issued on Pad A of the Property prior to January 12, 1984. Building permits on Pad E of the Property will continue to be governed by the terms of the Agreement. NOW, THEREFORE, in consideration of the mutual provisions and the sum of One Thousand Dollars ($1,000.00) being paid to City as a processing fee concurrently herewith, the parties agree to amend the Agreement as follows: -1-