Laserfiche WebLink
FIRST AMENDMENT TO <br />GROWTH MANAGEMENT AGREEMENT <br />THIS FIRST AMENDMENT TO GROWTH MANAGEMENT AGREEMENT is <br />made on December 3, 2002, between PONDEROSA HOMES ("Developer"), and the CITY <br />OF PLEASANTON, a municipal corporation ("City"), and amends the Growth Management <br />Agreement between Developer and City dated December 4, 2001. <br />RECITALS: <br />A. Developer owns or will own real property ("the Subject Property") in the City of <br />Pleasanton, commonly known as the Busch Property. <br />B. Developer in-2001 entered into a Growth Management Agreemen± by which the <br />City allocated to the Subject Property the following growth management allocations: <br />2003 2004 2005 <br />Senior Apartments 172 0 0 <br />Single Family/Duet units 0 110 81 <br />C. Developer has requested to reallocate its units. <br />D. The City Council finds that there is space under its Growth Management Program <br />to accommodate Developer's request. <br />NOW, THEREFORE, in consideration of the mutual promises expressed herein, City <br />and Developer herby agree as follows: <br />1. Article I of the Growth Management Agreement is amended to read as follows: <br />"I. GROWTH MANAGEMENT APPROVAL <br />A. City hereby reserves a growth management allocation for the Subject Property <br />according to the following schedule: <br /> 2003 2004 2005 <br />Senior Apartments 172 0 0 <br />Single Family/Duet units 10 90 91 <br />(Paragraphs B-I, no change)." <br />2. In all other respects, the terms and conditions of the Growth Management Agreement are <br />to continue in full force and effect. <br />