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<br />~. <br /> <br />WHEN RECORDED, RETURN TO: <br />CITY ATTORNEY <br />P. O. Box 520 <br />Pleasanton, CA 94566 <br /> <br />BERNAL AVENUE EXTENSION AGREEMENT <br /> <br />THIS AGREEMENT is entered into this 16th day of February, <br /> <br />1988 by and between the CITY OF PLEASANTON, <br /> <br />a municipal <br /> <br />corporation (hereinafter referred to as "City") and FRANK AUF DER <br /> <br />MAUR and KONRAD RICKENBACH (hereinafter referred to as "owners"). <br /> <br />RECITALS <br /> <br />A. Frank Auf der Maur and Konrad Rickenbach own a parcel of <br /> <br />land within the city limits of Pleasanton in the vicinity of the <br /> <br />Valley Avenue Extension <br /> <br />(APN 946-1250-40-3) <br /> <br />consisting of <br /> <br />approximately 30.05 acres (hereinafter referred to as "Auf der <br /> <br />Maur Parcel"). <br /> <br />B. The city has long planned an extension of Bernal Avenue <br /> <br />through the Auf der Maur Parcel. Owners plan to develop the Auf <br /> <br />der Maur Parcel in commercial uses. <br /> <br />C. Owners entered into an agreement with the City (the <br /> <br />Valley Avenue Extension Agreement dated May 20, <br /> <br />1986) <br /> <br />in <br /> <br />contemplation of development of a portion of the Auf der Maur <br />Parcel as a shopping center. The proposed shopping center failed <br /> <br />to receive zoning approval and some of the terms of the earlier <br /> <br />agreement are no longer relevant. <br /> <br />D. On July 12, 1983, Owners entered into an agreement with <br /> <br />the City to permit the City to construct a portion of Bernal <br /> <br />- 1 - <br />