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AFTER RECORDING <br />RETURN TO: <br />CITY OF PLEASANTON <br />P. O. BOX 520 <br />PLEASANTON, CA 94566 <br />IMPROVEMENT AGREEMENT <br />SANTA RITA ROAD - ARROYO MOCHO BRIDGE IMPROVEP~iENTS <br />PLEASANTON, ALAMEDA COUNTY, CALIFORNIA <br />THIS AGREEI~PIT made and entered at Pleasanton, California this <br />12th day of March, 1983 by and between: <br />THE PRUDENTIAL INSURANCE COMPANY OF AMERICA <br />5820 STONERIDGE MALL ROAD, SUITE 201 <br />PLEASANTON, CALIFORNIA 94566 <br />CALLAHAN PENTZ PROPERTIES PLEASANTON <br />5820 STONERIDGE MALL ROAD, SUITE 300 <br />PLEASANTON, CALIFORNIA 94566 <br />(hereinafter referred to as "Developer") and the CITY OF PLEASANTON, <br />a general law city, located in Alameda County, California, acting <br />through the Mayor and the City Clerk, (hereinafter referred to <br />as "City"). <br />WHEREAS, Developer has filed with Alameda County Recorder a <br />Parcel Map No, 3858 describing Property in the City of Pleasanton; <br />and <br />WHEREAS, Developer desires to improve the access to said <br />property by widening and improving Santa Rita Road - Arroyo Mocho <br />Bridge as more particularly shown on the attached plans labeled <br />Exhibit "A". <br />NOW, THEREFORE, in consideration of the faithful performance of <br />the promises, terms, conditions and covenants set forth herein by <br />Developer and the approval of the map for recording by the City <br />the parties hereto agree as follows: <br />1. Time of Essence. Time is of the essence in the performance <br />of this agreement, The work and improvements required by this agree- <br />ment to be completed by Developer shall be completed within one (1) <br />year from the above-mentioned date of this agreement subject to delays <br />beyond the control of Developer and to the continuing validity of <br />all governmental approvals granted in connection with the development <br />of Hacienda Business Park and Pleasanton Park Business Center, <br />