WESTBROOK HOUSING - LONG TERM AGREEMENT (LIN)

WHEN RECORDED, City Clerk P.O. $ox 520 Pleasanton, CA RETURN TO: 94566 FIRST AMENDMENT TO A LONG TERM AGREEMENT THIS FIRST AMENDMENT TO A LONG TERM AGREEMENT ("First Amendment") is made and entered into on the 10th day of December, 1991, by and between the WESTBROOR HOIISING GROIIP, a California limited partnership ("Developer"), as successor in interest to Jennifer Lin and Frederic Lin ("Lin"), and CITY OF PLEASANTON, a municipal corporation ("City"), -and amends that certain Long Term Agreement ("Agreement"), dated June 17, 1986. R E C I T A L S A. Developer is the owner of real property ("the Property") in the City of Pleasanton described as Tract 6023, Kottinger Ranch, Unit III, filed August 10, 1992, Map Book 203, at Pages 4-11, Official Records of Alameda County. B. City and Developer's predecessor in interest entered into the underlying Agreement, dated June 16, 1986, and recorded April 13, 1987, Series #87-10038, Official Records of Alameda County, concerning a growth management development schedule for the Property. C. Pursuant to that Agreement, Developer has until December 31, 1991, to record a final map for 50 units which were granted growth management approval for 1990. D. Developer has requested that its growth management approval for the 50 units be extended to December 31, 1992. E. Developer has already built 149 units, has spent approximately $1.6 million on the Bernal Avenue extension, approximately $1 million on a water tank, and intends to construct these 5o units during 1992. F. City and Developer now want to amend the Long Term Agreement concerning the schedule when Developer must file a final map for certain units. NOW THEREFORE, in consideration of the promises and acts contained herein, the parties agree as follows: -1-