700 MARKET ASSOCIATES - Laserfiche WebLink

a SUBDIVISION AGRL•'Ei•1ENT TRACT NO. 5164, Valley Plaza Villages III pLEASANTON ALA~IEDA COUTJTY, CALIrOIZNIA THIS AGREEP~IENT made and entered at Pleasanton, California this 13th day of March, 1984 , by and between• 700 Market Associates XV 79~ Dublin Boulevard Dublin, CA 94568 (hereinafter referred to as "Subdivider") and the CITY OF PLEASANTON, a general law city, located in Alameda County, California, acting through the City 1~lariager and the City Clerk, (hereinafter referred to aS rrC].tyr') WHFFtEAS, Subdivider has a tentative map for said tract 1 within the"boundaries of the City; duly approved by the Plariningng Commission or .the City Council; and WHEREAS, all or a portion of the area of the tentative map is presented as a "final map," a copy of said map is on file in the office of the City Engineer, and by reference is included in this agreement far all purposes as if attached hereto; and WHEREAS, said map and subdivision of land designates streats, Easements axed public ways for the City, and Subdivider proposes to dedicate this land set forth in the-final map to the City;. and WHEREAS, as a condit.i,on precedent to acce~~t.:inq this offer cif dedicata.on kay Subdivider, C"ity requires the improvements of the public ways, installation or extension of certain City services at Subdivider's expense and certain protections for the City on behalf of the public. NOW, TFIEREFORI~,, in consideration. of the faithful performance of the proma.ses, terms, conditions and covenants set forth herein b,~,r Subdivider and the approval of the map for recording by the City the parties hereto agroe as follows: 1. Time of Essence. Time is of the essence in the performance of this agreement.. The work and improvements required by this agree- ment to be. completed by Subdivider :shall be completed within. one (1) year from the above-mentioned date of this agreement. The City may extend the time for completion of improvements hereunder, upon good cause being shown by the Subdivider. Any such extension may be granted without notice to the Subdivider's surety, and extension so granted shall not relieve the surety's liability on the bond to secure the faithful performance of this agreement...