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<br />SUBDIVISION IMPROVEMENT AGREEMENT <br />TRACT No 8676 <br />Page 1 of 7 <br /> <br /> <br />SUBDIVISION IMPROVEMENT AGREEMENT <br /> <br />TRACT MAP NO. 8676, “2025 Santa Rita Road”, PLEASANTON, <br />ALAMEDA COUNTY, CALIFORNIA <br /> <br /> <br /> THIS SUBDIVISION IMPROVEMENT AGREEMENT (the "Agreement") is made and entered <br />at Pleasanton, California, this day of , 2025, by and between Harmony - Pleasanton, <br />L.P., a Delaware limited partnership (the "Subdivider") and the City of Pleasanton, a municipal <br />corporation, (the "City"). <br /> <br />RECITALS <br /> <br /> WHEREAS, Subdivider has a vesting tentative tract map for Tract 8676, lying within the <br />boundaries of the City; duly approved by the Planning Commission under case P23-0605 on November <br />8, 2023, together with Conditions of Approval; and <br /> <br /> WHEREAS, all or a portion of the area of the vesting tentative tract map is presented as a "tract <br />map", a copy of said map is on file in the office of the City Engineer, and by reference is included in this <br />Agreement for all purposes as if attached hereto; and <br /> <br /> WHEREAS, said vesting tentative tract map and subdivision of land designates streets, <br />easements and public ways for the City, and Subdivider proposes dedications to the City and the public <br />as set forth in the tract map; and <br /> <br /> WHEREAS, as a condition precedent to approving said tract map, City requires Subdivider to <br />construct subdivision improvements at Subdivider's expense and provide certain protection for the City <br />on behalf of the public. <br /> <br /> NOW, THEREFORE, in consideration of the faithful performance of the promises, terms, <br />conditions and covenants set forth herein by Subdivider and the approval of the map for recording by the <br />City, the parties hereto agree as follows: <br /> <br /> 1. Time of Essence. Time is of the essence in the performance of this Agreement. The work and <br />improvements required by this Agreement to be completed by Subdivider shall be completed within two <br />(2) years from the above-mentioned date of this Agreement. <br /> <br /> The City may extend the time for completion of improvements hereunder, upon good cause <br />being shown by the Subdivider. Any such extension may be granted without notice to the Subdivider's <br />surety, any extension so granted shall not relieve the surety's liability on the bond to secure the faithful <br />performance of this Agreement. <br /> <br /> 2. Work. Subdivider will do or cause to be done and performed the following described work <br />of improvements pursuant to plans and project bond estimates entitled: <br /> <br />Page 163 of 682