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GHC BERNAL INVESTORS
City of Pleasanton
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LONG TERM AGREEMENT
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GHC BERNAL INVESTORS
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8/11/2026 3:24:02 PM
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LONG TERM AGREEMENTS
LONG TERM AGREEMENTS - DOCUMENT DATE
10/19/2000
LONG TERM AGREEMENTS - NAME
GHC BERNAL INVESTORS
LONG TERM AGREEMENTS - TYPE
MISC AGMT
LONG TERM AGREEMENTS - RECORD SERIES
704-06 (Long Term Agreements)
LONG TERM AGREEMENTS - DESTRUCTION DATE
PERMANENT
LONG TERM AGREEMENTS - NOTES
AFORDABLE HOUSING AG
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,^ <br /> �. City shall waive its Lower Income Housing Fee for all 581 units and for the <br /> commercial/retail portion of the project, , shall waive its Public Facility, Traffic <br /> Development and In Lieu Park Dedication Fees for the 87 units described in Sections 1 <br /> and 2,and shall waive City water and sewer connection fees, as well as City Building <br /> Planning and Public Works inspection and processing fees, for the 56 for sale units and <br /> for the 20 apartment units available for households with incomes at 50%of the Area <br /> Median Income. <br /> 4. City shall,with Developer's cooperation, assume the responsibility to market the for sale <br /> units. Developer, with City's cooperation, shall assume the responsibility to market the <br /> rental units. <br /> 5. The for sale units described herein will be subject to the standard provisions of the City's <br /> home ownership assistance program, including resale restrictions, said provisions to be <br /> enforced through deed restrictions recorded against each property. <br /> 6. City may elect to utilize its Lower Income Housing Fund(or other funding sources)to <br /> buy additional units or to make the units more affordable than as provided under this <br /> Agreement. Developer shall cooperate with City in these efforts. <br /> 7. Developer shall discuss with City the potential to retrofit at no cost to Developer a certain <br /> number of for sale and/or rental units for households with members who have physical <br /> disabilities. <br /> THIS AGREEMENT executed the date and year first above written. <br /> Page 3 <br />
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