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<br />SIIBDIVISION AGREEMENT <br />TRACT NO. 6275, Equus Heights, Phase I <br />ALAMEDA COUNTY, CALIFORNIA <br />THIS AGREEMENT made and entered at Pleasanton, California, this <br />1st day of December 1992, by and between: <br />Equitrol, Inc. <br />4100 Foothill Road <br />Pleasanton, CA 94588 <br />(hereinafter referred to as "Subdivider") and the CITY OF <br />PLEASANTON, a general law city, located in Alameda County, <br />California, acting through the City Manager and the City Clerk, <br />(hereinafter referred to as "City"). <br />WHEREAS, Subdivider and City entered into a Subdivision <br />Agreement on December 10, 1991 for Tract 6275, Equus Heights <br />Phase I, Pleasanton, California; and <br />WHEREAS, said agreement required Subdivider to construct <br />certain public improvements within the subdivision within a one <br />year time frame; and <br />WHEREAS, work on public improvements has not commenced due to <br />a downturn in the residential housing market; and <br />WHEREAS, the December 10, 1991 Subdivision Agreement will <br />expire on December 10, 1992; and <br />WHEREAS, subdivider now wishes to recommence work on the public <br />improvement for this subdivision; and <br />WHEREAS, City is willing to enter into a new Subdivision <br />Agreement if certain assurances are provided; and <br />WHEREAS, Subdivider is willing to provide such assurances. <br />NOW, THEREFORE, in consideration of the faithful performance of <br />the promises, terms, conditions and covenants set forth herein the <br />parties hereto agree as follows: <br />Subdivision Agreement - Tract 6275 <br />(Pquitrol, Ina 12/1/92) <br />