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4. On June 14, 2022, prior to filing a formal development application, Developer filed a
<br /> Preliminary Application pursuant to Senate Bill (SB) 330 with Alameda County. On November
<br /> 18, 2022, Developer submitted a Development Plan and Vesting Tentative Subdivision Map
<br /> Application (TR-8423) (collectively referred to herein as the "County Development
<br /> Application") for a total of one hundred ninety four (194) market rate single-family detached
<br /> homes and a minimum of forty nine (49) deed restricted accessory dwelling units (collectively,
<br /> "ADUs"), along with related on- and off-site improvements to serve the proposed residential
<br /> uses (collectively, the "County Proposal').
<br /> 5. On February 17, 2023, the County deemed the County Development Application
<br /> complete and thereafter made a consistency determination. The discretionary entitlement
<br /> process for the County Proposal was subject to compliance with CEQA. To satisfy requirements
<br /> under CEQA, the County, as lead agency, caused the preparation of an environmental impact
<br /> report for the County Proposal (SCN: 2023050339), which consists of the Draft Environmental
<br /> Impact Report, the Final Environmental Impact Report, and all appendices attached thereto
<br /> (collectively, the "Project EIR'). As detailed more fully therein, the Project EIR evaluated the
<br /> impacts of the construction and operation of the County Proposal as well as included an
<br /> alternatives analysis that considered annexation of the Project Site into City for purposes of
<br /> developing the proposed residential uses. City participated in the process for the Project EIR,
<br /> including providing the County with comments thereon. On January 5, 2026, the County
<br /> Planning Commission certified the Project EIR and approved the various discretionary
<br /> entitlements associated with the County Development Application to allow the County Proposal
<br /> to proceed. Thereafter, an appeal was filed by Zone 7 challenging the certification of the Project
<br /> EIR and the Planning Commission's approval of the Project. On February 10, 2026, at a duly
<br /> noticed public hearing, the Alameda County Board of Supervisors heard, considered and took
<br /> action, denying the appeal, certifying the Project EIR, adopting the necessary CEQA findings,
<br /> and approving the Project.
<br /> 6. On February 18, 2025, the Pleasanton City Council ("City Council') considered the
<br /> potential merits of annexation of the Project Site to allow for the development of the Project into
<br /> the City, and provided direction to Developer to proceed with applications for annexation into the
<br /> City. On February 25, 2025, formal applications for annexation and development were formally
<br /> submitted to City, with the County Development Application continuing to be concurrently
<br /> processed by Alameda County. On October 20, 2025, the City Council considered the key terms
<br /> of this Agreement and provided further direction to City staff and Developer in this regard, and
<br /> also directed the Parties to proceed with preparing and finalizing this Agreement for
<br /> consideration by the City Council.
<br /> 7. Despite obtaining entitlement approvals from the County, Developer has requested
<br /> that the Project Site be annexed into the City, and related thereto Developer has proceeded to
<br /> modify portions of the County Proposal (as reflected in the Project) to more closely align with
<br /> applicable City development standards, adjusted grading, selected lot configurations, home
<br /> designs and unit count to provide a better transition to the adjacent Village at Ironwood
<br /> subdivision. Developer has also requested access to City services for purposes of the Project
<br /> development, including but not limited to, water, sewer, police, fire and other government
<br /> services. Developer applied for the following Project Approvals (defined below) from City: (a)
<br /> General Plan Amendment(P25-0116) to designate the Project Site Medium Density Residential
<br /> (MDR); (b) Pre-zoning (P25-0118) for the Project Site to Planned Unit Development(PUD) —
<br /> MDR and related Planned Unit Development/Planned Unit Development Plan (PUD-154); (c)
<br /> Request for City to initiate Annexation Proceedings (P25-0115); (d)Vesting Tentative Map
<br /> (Tract No. 8423); and (e)this Agreement.
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