GHC BORDEAUX DEFERRED IMPR - Laserfiche WebLink

DEFERRED IMPROVEMENT AGREEMENT (for items to be constructed with Tract 7407) GHC Bordeaux, LLC Bordeaux Property, Tract 7407 THIS AGREEMENT made and entered at Pleasanton, California, this . day of Q v~ ~/ , 2006, by and between: GHC Bordeaux, LLC A Delaware LLC 43160 Osgood Road Fremont, CA 94539 Phone: 510-497-8200 Fax: 510-497-8290 (hereinafter referred to as "Subdivider") and the CITY OF PLEASANTON, a general law city, located in Alameda County, California, acting through the City Manager and the City Clerk, (hereinafter referred to as "City"). WHEREAS, Subdivider has an approved tentative map for said tract, lying within the boundaries of the City; duly approved by the Planning Commission; and WHEREAS, the City Planning Department approved PTUP-242, Model Home Sales Trailer, Model Homes and Flagpole in the Bordeaux Country Estates Subdivision (PUD-14 and Tr 7407) on May 15, 2006; and WHEREAS, said proposal will require certain improvements to be completed at a later date (see 2. Work) at the end of said temporary conditional use permit PTUP-242; and WHEREAS, the City requires certain protection for the City on behalf of the public. NOW, THEREFORE, in consideration of the faithful performance of the promises, terms, conditions and covenants set forth herein by Subdivider and the approval of the project, the parties hereto agree as follows: 1. Time of Essence. Time is of the essence in the performance of this Agreement. The work and improvements required by this Agreement to be completed by Subdivider shall be completed within two (2) years from the above-mentioned date of this Agreement but in no case later than 60 days from the expiration of PTUP-242. Deferred Improvement Agreement for items to be constructed with Tract 7407 Project: Tract 7407, Bordeaux Property; Vineyard Avenue, APN 946 135001503 Page 1 of 13