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WHEN RECORDED, <br />RETURN TO: <br /> <br />City Attorney <br />P. 0. Box 520 <br />Pleasanton, CA 94566 <br /> <br />DEVELOPMENT AGREEMENT <br /> <br /> THIS DEVELOPMENT AGREEMENT is entered into this 24th <br /> <br />day of April , 1984, between KHUSHAL DAHYA PATEL, <br /> <br />a married man, and GITA KHUSHAL PATEL, his wife, ("Owners"), <br />and the CITY OF PLEASANTON, CALIFORNIA, a municipal <br />("City"). <br /> <br />corporation <br /> <br /> RECITALS <br /> <br />This Development Agreement is entered into pursuant <br /> <br />to the authority of Government Code §365864 through 65869.5. <br /> <br /> B. This Development Agreement also arises out of and <br /> <br />is consistent with and subject to that certain entire Settlement <br />Agreement ("Settlement Agreement") dated March 13, 1984, by <br />and among the City of Pleasanton, Owners and Valley Plaza <br />Villages II, a general partnership ("Valley"), on file with <br />the City of Pleasanton, and more specifically, but not <br />exclusively, Recital E and Subparagraph 2.F of the Settlement <br />Agreement. <br /> <br /> C. ~ners own in fee that certain property.described. <br /> <br />in Exhibit 1 attached hereto and incorporated by reference <br />herein, more commonly kno~n as the E1 Rancho Motel, 2025 <br />Santa Rita Road, Pleasanton, California ("entire property"). <br />Pursuant to the Settlement Agreement, the parties thereto <br />agreed, inter alia, that City of Pleasanton condemn a vacant <br />portion of the entire property for a public'street as shown <br />on Exhibits "A" and "B" to the Settlement Agreement. City's <br /> <br />-1- <br /> <br /> <br />