DR HORTON CA2 INC 15-1346C - Laserfiche WebLink

/-13v G SUBDIVISION AGREEMENT Tract Map 7660 p This Subdivision Agreement ("Agreement") is made and entered into this p ay of June 2015, by and between DR Horton CA2, Inc., a California Corporation, 5050 Hopyard Road, Suite 180, Pleasanton, CA 94588, ("Subdivider") and the City of Pleasanton, a general law city ("City"). RECITALS WHEREAS, Subdivider has an agreement with the property owner and the property owner has a City-approved planned unit development plan(PUD-05 and PUD-05-07M) and vesting tentative map for Tract Map 7660 (the"tract") for the development of 10 lots for new single family homes and five parcels including one for an existing home on an approximately 21- acre site at 1944 Three Oaks Drive (the "site"); and WHEREAS, all or a portion of the area of the vesting tentative map is presented as a "final map", a copy of said map is on file in the office of the City Engineer, and by reference is included in this Agreement for all purposes as if attached hereto; and WHEREAS, said map and subdivision of land designates streets, easements and public ways for the City, and Subdivider proposes to dedicate this land set forth in the final map to the City; and WHEREAS, as a condition precedent to accepting this offer of dedication by Subdivider, City requires the improvements of the public ways, installation or extension of certain City services at Subdivider's expense and certain protection for the City on behalf of the public; and WHEREAS, as mitigation measures and conditions of approval for PUD-05 and PUD- 05-07M and the tract, Subdivider must also construct public and private improvements on the site and public improvements off site which also benefit off-site properties; and WHEREAS, the Subdivider has asked, and the City has agreed, to defer the payment of certain fees otherwise due with the approval of the final map until: final inspection of the new homes on the site; and connecting the existing home on the site to City water system, as applicable. NOW, THEREFORE, in consideration of the faithful performance of the promises, terms, conditions and covenants set forth herein by Subdivider, the parties hereto agree as follows: 1. Time of Essence. Time is of the essence in the performance of this Agreement. The work and improvements required by this Agreement to be completed by Subdivider shall be completed within one (1) year from the above-mentioned date of this Agreement. Subdivision Agreement Tract Map 7660,Chrisman Property Page 1 of 7