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WHEN RECORDED, Rb~JRN TO: RECORDED BY: C;-~y C I~rK ~hi~a v ~fCP ~. ,v ~. ~~x szo y Ple a s a n -~ a n . C'~ 9U~ ~ ~ ~~ c~ tv w ~lv . ~Os9~ o00 0 AGREEMENT FOR PAYMENT OF BONDED INDEBTEDNESS This Agreement for Payment of Bonded Indebtedness ("Agreement") is made this G~ day of ~/4 1994, by Signature Properties, Inc., a California corporation, ("Developer"), and the City of Pleasanton, a municipal corporation, ("City"). 1. Developer is the owner of all of the real property located in the City of Pleasanton, State of California, described as follows: Lots 1 through 78, inclusive, Parcels A through Z, inclusive, and Parcels A-A through D-D, inclusive, as shown on the subdivision map of Tract 6673 filed for record on iJ 1994, in Book 31 /--~ of Maps at Pages -`-~~-- ~ ~ ~ et se in the Official Records of the County of Alameda, State of California (collectively the "Property"). 2. The parties agree and acknowledge that: (i) Lots 1 through 78 inclusive, are lots upon which a single family residential structure can be constructed; and (ii) that Parcels A through Z inclusive, and Parcels A-A through D-D inclusive, are common area parcels upon which no residential structure can be constructed. 3. The Property is currently encumbered by the following bonds: a. Assessments payable under the Consolidated Reassessment District 1993-1; b. Assessments payable Reassessment District 1993-2; c. Assessments payable Reassessment District 1993-3. under the Consolidated under the Consolidated The assessments identified in subparagraphs a. through c., inclusive, of this Paragraph 3, above, are collectively referred to as the "Bonds". 4. The parties acknowledge and agree that: a. All of the Bonds will be segregated in a manner acceptable to both Developer and the City; b. A portion of each Bond will be assigned to each residential building lot ("Lot"), being Lots 1 through 78 inclusive, as shown on the map of Tract 6673; 4 ~,