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RECORDING REQUESTED BY and <br /> AFTER RECORDING RETURN TO: <br /> City Clerk <br /> City of Pleasanton <br /> 123 Main Street I P. O. Box 520 <br /> Pleasanton, CA 94566 <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 /> AFFORDABLE HOUSING AGREEMENT <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 /> 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 />