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EXHIBIT 3 <br /> MASTER SUBDIVISION AGREEMENT <br /> PARCEL MAP Nu. 3863, PLEASANTON <br /> ALAMEDA COUNTY, CALIFORNIA <br /> THIS AGREEMENT made and entered at Pleasanton, California <br /> this by and between: <br /> Prudential Insurance Company of America <br /> 4309 Hacienda Drive, Suite 500 <br /> Pleasanton, CA 94566 <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 <br /> Clerk, (hereinafter referred to as "City") . <br /> WHEREAS, Subdivider hac a tentative map for said subdivision, <br /> lying within the boundaries of the City; duly approved by the <br /> Planning Commission or the City Council; and <br /> WHEREAS, Prudential desires to develop the property as a <br /> 260-acre commercial business park ("Project") in accordance with <br /> the conditions of approval ("Conditions") specified in PUD-85-8; <br /> and <br /> WHEREAS, all or a portion of the area of the tentative map is <br /> presented as a "final map", a copy of said map is on file in the <br /> office of the City Engineer, and by reference is included in this <br /> agreement for all purposes as if attached hereto; and <br /> WHEREAS, said map and subdivision of land designates streets, <br /> easements and public ways for the City, and Subdivider proposes <br /> to dedicate Chic land set forth in the final map to the City: and <br /> WHEREAS, as a condition precedent to accepting this offer of <br /> dedication by Subdivider, City requires the improvements of the <br /> public ways, installation or extension of certain City services <br /> at Subdivider's expense and certain protections for the City on <br /> behalf of the public. <br /> NOW, THEREFORE, in consideration of the faithful performance <br /> of the promises, terms, conditions and covenants set forth herein <br /> by Subdivider and the approval of the map for recording by the <br /> City the parties hereto agree as follows: <br />