CITY COUNCIL REGULAR MEETING AGENDA PACKET

adopted by December 31, 2026. If such findings are not adopted by such date, the term of this Agreement will be automatically extended until the date such findings are adopted. (g) It is the intent of City and Developer to work with the Other Owners during any extension provided by subsections (c) and (d) above, to have Developer and/or the Other Owners provide additional funding towards Master Plan costs. (h) If City does not receive deposits for the Supplemental Master Plan costs from either the Other Owners by December 1, 2024, or the Developer by December 31, 2024, this Agreement shall terminate on January 1, 2025. All funds provided by Developer to City for the Initial Master Plan Costs shall be retained by City. (i)While this Agreement remains in effect, Developer agrees to make good faith efforts to work with City and the Other Owners to develop and process for approval a Master Plan for the Shopping Center that furthers the goals of the Stoneridge Mall Framework Components approved by the City Council in Resolution No. 23- 1356, adopted on January 26, 2023, as those Components may be amended by the City with the reasonable consent of Developer (“Master Plan”). While Developer cannot control the actions of other owners of property at the entire Shopping Center as depicted in the First Amendment Section 1.b. and Exhibit A thereto (“Other Owners”), Developer’s good faith efforts shall include working with and attempting to persuade Other Owners to participate in developing and processing the Master Plan. 3.Except as expressly modified by this Sixth Amendment, City and Developer hereby ratify and confirm the terms and conditions of the Agreement which are fully incorporated herein by reference and shall continue in full force and effect. 4.This Sixth Amendment shall be effective as of the date the Agreement otherwise would have terminated and shall remain in effect until terminated. This Sixth Amendment may be executed in multiple counterparts, all of which taken together shall constitute one and the same instrument. This Sixth Amendment shall be duly recorded in the Official Records of Alameda County. IN WITNESS WHEREOF, the parties have executed this Sixth Amendment on the date affixed by their signature. "City" CITY OF PLEASANTON, a Municipal corporation of the State of California By: _____________________________ Gerry Beaudin City Manager Dated Executed: __________________ Attest: “Developer" STONERIDGE PROPERTIES LLC, a Delaware limited liability company, doing business in California as STONERIDGE ASSOCIATES, LLC By: SIMON-MILLS II, L.L.C., a Delaware limited liability company, its Managing Member By: _____________________________ Title: ____________________________ Page 330 of 428