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~ • <br />residential project, pursuant to City of Pleasanton Ordinance No, <br />1173, adopted on January 22, 1985. <br />E. The City owns land located between Parcel A and B and <br />commonly referred to as Mission Hi11s Park, more particularly <br />described in Exhibit "A" as Parcel C, attached hereto and <br />incorporated herein by this reference. Parcel C is flat land and <br />suitable for park usage.. <br />F. The land exchange will provide long term orderly <br />development of the area and will provide many public benefits to <br />the city including, but not limited to, the following: <br />(i) the transfer will provide more usable recreational <br />land; <br />(ii) access to the City's recreational lands will be <br />enhanced; and <br />(iii) the possible recreational uses for the consoli- <br />dated park will be expanded. <br />G. Condition No. 30 of Ordinance No. 1173 stated that a <br />property exchange agreement would be finalized for a transfer <br />between the City and Developer of .Parcel A and Parcel B, subject <br />to a possible need for a modification of the development plan for <br />Case PUD-84-15. <br />H. The City and Developer have entered into this land <br />exchange based on the mutual understanding that the value of land <br />exchanged will provide the City of Pleasanton equal or greater <br />- 2 - <br />