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s <br />LONG-TERT1 AGPEEMENT <br />THIS LONG-TER22 AGREEMENT is made and entered into on <br />the 2nd day of June, 1982, by and between VALLEY PLAZA APAHTI~NTS <br />JOINT VENTUF~E (hereinafter referred to as "Developer") and <br />the CITY OF PLEASANTON, a municipal corporation (hereinafter <br />referred to as "City"). The Developer and City agree as set <br />forth below. <br />W I T N E S S E T H <br />WHEREAS, Developer is the owner of real property in the <br />City of Pleasanton described in Exhibit A, attached to this <br />agreement and made a part of it by reference, which consists <br />generally of 9.31 acres located on the south side of Valley <br />Avenue immediately west of Safeway Shopping Center, north of <br />Amador Park and east of the single-family residential lots <br />fronting on Brooktree Way; and <br />WHEREAS, Developer has received planning approval for a <br />residential development project (PUD-81-23) consisting of <br />150 apartment units and 20 condominium units (hereinafter <br />referred to as the "Project"); and <br />WHEREAS, Developer is seeking development approval for <br />the Project under the City's Growth I'~anagement Program; and <br />WHEREAS, City may enter long-term agreements with <br />project developers meeting the requirements for such agreements <br />pursuant to Ordinance No. 1023 (Growth P?anagement Program) <br />and the implementing procedures contained in F~esolution r?o. <br />82-66; and <br />-1- <br />