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EXHIBIT A <br /> GROWTH MANAGEMENT AGREEMENT <br /> THIS GROWTH MANAGEMENT AGREEMENT is made and entered into on the <br /> day of , 2017, between Ponderosa Homes II, Inc. <br /> ("Developer"), and the CITY OF PLEASANTON, a municipal corporation ("City"). <br /> RECITALS: <br /> A Developer owns a legal or equitable interest in real property ("the Subject <br /> Property") 6900 Valley Trails Drive (APN 941-0903-057-00) in the City of Pleasanton. <br /> B. The City has granted to Developer Planned Unit Development approval <br /> (PUD-113) for 36 single-family homes on the Subject Property ("the Project"). <br /> C. Section 17.36.060 of the Pleasanton Municipal Code (Growth <br /> Management Program) establishes annual new residential limits. For 2017, there are <br /> 235 growth management unit allocations. The City has reviewed the growth <br /> management unit allocations established for 2017 and determined that the growth <br /> management unit allocation capacity is available for the Project. <br /> D. City shall enter into growth management agreements with project <br /> developers under the City's Growth Management Ordinance. <br /> E. City and Developer wish to enter into a growth management agreement in <br /> order to achieve the benefits of the Project to City and its residents and in accordance <br /> with the purposes of the City's Growth Management Ordinance. <br /> NOW, THEREFORE, in consideration of the mutual promises expressed herein, <br /> City and Developer hereby agree as follows: <br /> I. GROWTH MANAGEMENT APPROVAL <br /> A. City hereby grants growth management approval to the Project for 18 units <br /> in 2018 and 18 units in 2019. Developer may be issued building permit(s) in the year(s) <br /> following 2018 and 2019 until Developer has received building permits for all units. <br /> H. PROJECT CONDITION <br /> Nothing herein shall reduce any obligation of Developer required as a condition <br /> of any other approvals granted by the City. <br /> 3 <br />