SIGNATURE PROPERTIES TRACT 6739 - Laserfiche WebLink

WHEN RECORDED, RET~ TO:RECORDED BY: AGREEMENT FOR PAYMENT OF BONDED INDEBTEDNESS This Agreement for Payment of Bonded Indebtedness ("Agreement") is made this :~~''t~ day of __~ , 199 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 84, inclusive, Parcels A through Y, inclusive, as shown on the subdivision map of Tract 6739 filed for record on M/,~~ ~~ , 199 in Book ~~of Maps at Pages ~ ~ ~ et seq. 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 84 inclusive, are lots upon which a single family residential structure can be constructed; and (ii) that Parcels A through Y 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 under the Consolidated Reassessment District 1993-2; c. Assessments payable under the Consolidated Reassessment District 1993-3. 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;