THREEHAND - Laserfiche WebLink

~~7 c~~ SUBDIVISION AGREEMENT TRACT NO. 7815, "THE ESTATES ON OAK RIDGE," PLEASANTON ALAMEDA COUNTY, CALIFORNIA THIS AGREEMENT made and entered at Pleasanton, California, this ~ ~` day of March 2007, by and between THREEHAND L.P., a California limited partnership (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"). RECITALS A. Subdivider has a tentative map for said Tract 7815, lying within the boundaries of the City; duly approved by the Planning Commission or the City Council; B. City adopted the Vineyard Corridor Specific Plan (the "Specific Plan") in June 1998 to guide future development within the Specific Plan's boundaries, and a key element of the Specific Plan is the Vineyard Hills Reservoir, a 1.4 million gallon, partially buried, pre-stressed concrete reservoir (the "Water Tank"). C. The Water Tank will be located on the southerly portion of a 20-acre parcel owned by Threehand that is the subject of the referenced tentative map. This Water Tank site (and related easements) will be granted to the City pursuant to a Purchase and Sale Agreement between the City and Subdivider, dated January 25, 2005, as amended by the First Amendment to Purchase and Sale Agreement approved by the City Council on September 19, 2006 (collectively the "Purchase and Sale Agreement"). D. Pursuant to the terms of the Purchase and Sale Agreement, the road to access the Water Tank, as well as other improvements will be constructed to serve Subdivider's new residential lots, as well as to serve the existing residence, as provided in the Specific Plan, and to provide access for City personnel, contractors and agents to access the Water Tank for construction, regular maintenance and operations. E. After the City causes the Water Tank access road to be rough graded, as further provided in the Purchase and Sale Agreement, Subdivider will arrange for the construction of the improvements and related construction activities subject to the City reimbursing Subdivider for certain costs associated therewith as described a separate reimbursement agreement between the parties. AGREEMENT 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 map for recording by the City, the parties hereto agree as follows: SUBDIVISION AGREEMENT TRACT NO. 7815, "THE ESTATES ON OAK RIDGE " Page 1 of 9