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<br />RECORDING REQUESTED BY and <br />AFTER RECORDING RETURN TO: <br /> <br /> <br />City Clerk <br />City of Pleasanton <br />123 Main Street | P. O. Box 520 <br />Pleasanton, CA 94566 <br /> <br /> <br />[This document is exempt from recording fees <br />pursuant to Government Code § 27383 and exempt <br />from Documentary Transfer Tax pursuant to <br />Revenue and Taxation Code § 11922] <br /> <br /> <br />AFFORDABLE HOUSING AGREEMENT <br /> <br />This AFFORDABLE HOUSING AGREEMENT ("Agreement") is made this day of <br /> , 2026, by the CITY OF PLEASANTON, a Municipal Corporation ("City"), and 330 <br />Land Company, LLC, a California limited liability company (“Project Developer”). <br />RECITALS <br />A. Project Developer currently owns a legal or equitable interest in certain <br />undeveloped real property located in the County of Alameda, California, consisting of <br />approximately 29.9 acres located directly east of the City’s municipal limits between Lake I of the <br />Zone 7 Chain of Lakes north of the subject property, Cope Lake to the east of the property and <br />Busch Road to the south of the property, as more particularly described in the legal description <br />in Attachment 1 [DA Exhibit A-1 attached hereto, and as diagrammed in DA-Exhibit A-2 attached <br />hereto and incorporated herein by reference (the “Property”)]. <br />B. Project Developer is proposing to develop a total of one hundred and eighty-nine <br />(189) single-family, detached market rate residential units with forty-eight (48) Junior Accessory <br />Dwelling units (“JADUs”), along with related improvements (collectively, the “Project”). <br />C. Pleasanton Municipal Code (“PMC”) Section 17.44.080(G) provides options to <br />satisfy the requirements of PMC Chapter 17.44 (“IZO”), allowing for an alternative method to <br />meet the requirements set forth in PMC Chapter 17.44.020. <br />D. Project Developer has proposed an alternate method of complying with the IZO <br />requirements by constructing 48 deed-restricted JADUs in the Project, which may be rented to <br />households with incomes up to eighty percent (80%) of Area Median Income (“AMI”), as so <br />described as lower income households, as further described in Attachment 2 attached hereto <br />and incorporated herein by reference. <br /> <br />E. AMI shall mean the area median income for the San Francisco-Oakland-Fremont <br />Metropolitan Statistical Area adjusted for household size in accordance with adjustment factors <br />adopted and amended from time to time by the United States Department of Housing and Urban <br />Development (HUD) pursuant to Section 8 of the United States Housing Act of 1937 or any <br />successor statute. <br />F. Execution and fulfillment of this Agreement meets the requirements of the City’s <br />Page 189 of 344