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DEVELOPMENT DEFERMENT AGREEMENT <br /> <br /> THIS DEVELOPMENT DEFERMENT AGREEMENT (the "Agreement") is <br />made this 27th day of March, 1984, by and between PLEASANTON <br />CABINET SHOP, INC., a California corporation ("Developer"), and <br />the CITY OF PLEASANTON, a municipal corporation ("City"). <br /> <br /> RECITALS <br /> <br /> A. Developer is the owner in fee of an approximately 3.34 <br />acre parcel of real property (the "Property") located in <br />Pleasanton, California, designated as 3622 Old Santa Rita Road <br />(APN 946-110-17), more particularly described in Exhibit A <br />attached to this Agreement and incorporated herein by this <br />reference. <br /> <br /> B. Developer has purchased and now has outstanding eight <br />(8) D.U.E. (Dwelling Unit Equivalent) sewer-system connection <br />permits ("Sewer Permits") for use in development of the Property, <br />such permits having been issued by the Dublin-San Ramon Services <br />District ("DSRSD") pursuant to Alameda County Superior Court <br />Orders in Civil Action No. 423134 filed December 19, 1972 and <br />April 22, 1980 (the "Court Orders"). <br /> <br /> C. Pursuant to the 1972 Court Order, building permits must <br />be obtained within three (3) years after purchase of any <br /> <br />sewer-system connection permits, <br />canceled. <br /> <br /> D. Paragraph 8 of Exhibit <br /> <br />or such sewer permits shall be <br /> <br />B to the Agreement, attached to <br /> <br />and incorporated in the 1972 Court Order, provides that where an <br />owner/developer is precluded from obtaining the necessary <br />building permits for a specified period of time by reason of <br /> <br />- 1 - <br /> <br /> <br />