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AGREEMENT FOR PURCHASE AND SALE OF REAL PROPERTY WITH ESCROW INSTRUCTIONS THIS AGREEMENT FOR PURCHASE AND SALE OF REAL PROPERTY WITI-I ESCROW INSTRUCTIONS ("Agreement") is made and entered into as of the ~S~``of November 2002 ("Effective Date"), by and between Allen W. Roberts and Sally K. Roberts, husband and wife (together, "Buyer"), and the City of Pleasanton, California, a ("Seller"). RECITALS A. Seller owns the real property that is located on Grey Eagle Court, Pleasanton, California, identified on the Alameda County Assessor's Map as A.P.N. 946-4567- 010-04, marked as Bonde II Land on the attached Exhibit A ("Bonde II Land"), and described more particularly in Exhibit A-1 attached hereto and incorporated by this reference. B. One City water tank of approximately 1.8 million gallons capacity is currently located on Bonde II Land, and Seller, as part of its Vineyazd Corridor Plan, plans to locate a second City water tank ("Second Tank") on a site other than Bonde II Land ("Second Tank Site"), if Seller is able to locate and secure a suitable site for the Second Tank Site. The Second Tank will serve the Vineyazd Corridor and portions of the Bonde Zone. C. Seller desires to sell and Buyer wishes to purchase, on the terms and conditions contained herein, the two portions of the Bonde II Land market as Excess City Acreage I and Excess City Acreage II, respectively, on the attached Exhibit B (individually, "Excess City Acreage I" and "Excess City Acreage II," and together, "Property"), and described more particularly in Exhibit B-1 attached hereto and incorporated by this reference. AGREEMENT Now, TI-IEREFORE, in consideration of the following mutual covenants, obligations and agreements, and for other good and valuable consideration, the receipt and adequacy of which aze acknowledged, Buyer and Seller (collectively, "Parties") agree as follows: 1. PURCHASE PRICE. In consideration of the mutual covenants set forth in this Agreement, Seller agrees to sell the Property to Buyer and Buyer agrees to purchase the Property from Seller. The purchase price for the Property ("Purchase Price") shall be the price determined by the appraisal by Joyce Diaz & Associates dated August 5, 2002, which price was Two Dollars and Ninety Cents ($2.90) per square foot of Bonde II Land, with the squaze footage of the Bonde II RBR'I'139630k91167.6 -1-