CREFFIII RCI-SARTOGA LLC - Laserfiche WebLink

SUBDIVISION AGREEMENT PARCEL MAP NO. 10820 ;I This Subdivision Agreement ("Agreement") is made and entered into this A day of September 2018, by and between, CREFFIII RCI-Saratoga LLC, a Delaware limited liability company ("Subdivider") and the City of Pleasanton, a general law city ("City"). RECITALS WHEREAS, Subdivider has a City -approved vesting tentative map for Parcel Map No. 10820, the Parcel Map for the subdivision of the property located at 5934 Gibraltar Drive in the City (the "Site"); and WHEREAS, all or a portion of the area of the vesting tentative map is presented as a "parcel map," and a copy of said map is on file in the office of the City Engineer, and by reference is included in this Agreement for all purposes as if attached hereto; and WHEREAS, as mitigation measures and conditions of approval for the Parcel Map, Subdivider must construct private improvements on the Site, which by their existence will benefit the City and off -site properties. NOW, THEREFORE, in consideration of the faithful performance of the promises, terms, conditions and covenants set forth herein by Subdivider, the parties hereto agree as follows: 1. Time of Essence. Time is of the essence in the performance of this Agreement. The work and improvements required by this Agreement to be completed by Subdivider shall be completed within one (1) year from the above -mentioned date of this Agreement. The City may extend the time for completion of improvements hereunder, upon good cause being shown by the Subdivider. Any such extension may be granted without notice to the Subdivider's surety; any extension so granted shall not relieve the surety's liability on the bond to secure the faithful performance of this Agreement. 2. Work. Subdivider will do or cause to be done and performed the following described work: Improvements pursuant to plans and project bond estimates entitled: A. Provision of separate sanitary sewer laterals for Parcels 30C and 30D as shown on the Utility Plan (sheets C3.0), prepared by Greenwood and Moore Inc., dated June 7, 2018; and subsequent revisions to the plans approved by the City Engineer. B. Provision of anew 1" recycled irrigation water meter for Parcel 30C, new irrigation water meter to be located along Gibraltar Drive; construct new irrigation water main from the irrigation water meter to Parcel 30C, pursuant to plans prepared by Greenwood and Subdivision Improvement Agreement PARCEL MAP NO. 10820 — CREFIII RCI-Saratoga LLC Page 1 of 6