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WHEN RECORDED, RETURN TO: <br /> City Clerk <br /> City of Pleasanton <br /> P.O. Box 520 <br /> Pleasanton, CA 94566 <br /> FIRST AMENDMENT TO <br /> GROWTH MANAGEMENT AGREEMENT <br /> THIS FIRST AMENDMENT TO GROWTH MANAGEMENT AGREEMENT is made <br /> and entered into on the 1st day of March, 1994 , by and between <br /> SIGNATURE PROPERTIES, INC. , ( "Developer" ) , and the CITY OF <br /> PLEASANTON, a municipal corporation ( "City" ) , and amends the <br /> Growth Management Agreement between Developer and City dated <br /> August 2 , 1990 , and recorded August 22, 1990 . <br /> R E C I T A L S: <br /> A. Developer owns real property ( "the Subject Property") <br /> in the City of Pleasanton described in Exhibit A, attached to <br /> this Agreement and made a part of it by reference. <br /> B. The City has granted to Developer development plan <br /> approval for 151 dwelling units ( "the Project" ) . <br /> C. Developer in 1990 obtained growth management approval <br /> for the Project under the City' s then existing Growth Management <br /> Program and entered into a Growth Management Agreement with the <br /> City by which the Project has the following development schedule : <br /> 1991 91 units <br /> 1992 62 units <br /> D. Developer has not, however, been able to build this <br /> Project according to the schedule and a number of other <br /> developers have likewise not built according to schedule; as a <br /> consequence there is a backlog of unbuilt units which if all <br /> built in close proximity in time would burden the City' s <br /> infrastructure and schools . <br /> - 1 - <br />