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RECORDING REQUESTED BY: FOR RECORDER'S USE ONLY: <br /> City of Pleasanton <br /> 200 Bernal Avenue <br /> Pleasanton, California 94566 <br /> Attn: Peter D. MacDonald, <br /> City Attorney <br /> DEVELOPMENT AGREEMENT <br /> THIS DEVELOPMENT AGREEMENT ( "Agreement") is entered <br /> as of this 30th day of December , 1983 , by and between THE <br /> CITY OF PLEASANTON ("City") , a municipal corporation of the <br /> State of California, and CALLAHAN-PENTZ PROPERTIES, <br /> PLEASANTON ( "Developer") , a California general partnership. <br /> THE PARTIES ENTER THIS AGREEMENT on the basis of <br /> the following facts, understandings and intentions: <br /> A. Hacienda Business Park is the kind of project <br /> the California State Legislature had in mind when it autho- <br /> rized development agreements (California Government Code <br /> SS 65864 et. seq. ) . Since Hacienda Business Park is a large <br /> scale project, major investments in public facilities are <br /> required in the first several years of the development. The <br /> ultimate payback to the City and particularly to the <br /> 1. <br />