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and Safety/Low Density Residential/Housing Opportunity Zone) Districts on December 3, <br />2023, pursuant to Ordinance No. 2257. <br /> <br />4. The Developer has applied for the following entitlements or “Project Approvals” for: (1) <br />Annexation (P18-0078) of parcels totaling 130.98 acres from unincorporated Alameda <br />County to the City of Pleasanton; (2) General Plan Amendments (P18-0080) redesignating <br />residential areas from Open Space–Public Health and Safety to Low Density Residential <br />and open space areas from Low Density Residential to either Open Space–Public Health <br />and Safety or Open Space–Parks and Recreation; (3) Rezoning (P18-0081) parcels from <br />Pre-Zoned PUD–OS-A&G/OS-PH&S/LDR/HOZ (Planned Unit Development–Open Space– <br />Agriculture and Grazing/Open Space–Public Health and Safety/Low Density <br />Residential/Housing Opportunity Zone) Districts to PUD–OS-A&G/OS-PH&S/LDR (Planned <br />Unit Development–Open Space–Agriculture and Grazing/Open Space–Public Health and <br />Safety/Low Density Residential) Districts; (4) a Planned Unit Development (PUD-130) to <br />construct 28 detached single-family residences, demolish and reconstruct two existing <br />single-family residences, and install related on- and off-site improvements and infrastructure; <br />and (5) a Vesting Tentative Tract Map (Tract 8569) to subdivide parcels totaling 130.98 <br />acres into either single-family lots or private and public open space (the “Project”). <br /> <br />5. To strengthen the public planning process, encourage private participation in <br />comprehensive planning and reduce the economic risk of development, the State of <br />California enacted California Government Code §§65864, et seq. (the “Development <br />Agreement Statute”), which authorizes City to enter into an agreement with any person <br />having a legal or equitable interest in real property regarding the development of such <br />property. City has determined that by entering into this Development Agreement: <br /> <br />1. City is receiving assurances of the quality development of the Project in accordance <br />with the goals and policies set forth in the City of Pleasanton’s General Plan as it <br />exists on the “Effective Date” (defined below); <br /> <br />2. City will benefit and the public interest will be served by reducing uncertainties in <br />planning and provide for the orderly development of the Property; <br /> <br />3. Developer will provide the City with development of the Project Site with the following <br />public benefits: <br /> <br />1. Design and installation of an East Bay Regional Park District (EBRPD) staging <br />area including parking, bathrooms and water and a trail extension to the north <br />end of the Pleasanton Ridge trail for which Developer shall be solely responsible <br />for all design, installation. Developer shall enter into an agreement with EBRPD <br />to provide a permanent proportional funding source for the ongoing maintenance <br />costs of said staging area improvements; <br /> <br />2. Dedication of 69 acres of public open space to EBRPD that shall be subject to <br />a conservation agreement with EBRPD. The conservation agreement shall <br />preserve the open space indefinitely, shall set forth the obligations of EBRPD to <br />monitor and maintain the public open space, and shall be subject to review and <br />written approval by the City. <br /> <br />3. Design and installation of a traffic signal and related improvements, including <br />but not limited to bicycle lane improvements, located at Dublin Canyon Road and